Oil prices went up on Friday amid signs of easing inflationary pressures in the United States, though the contracts were headed for a weekly decline.
Brent crude futures rose 33 cents, or 0.4%, to $85.73 a barrel. US West Texas
The price of Kuwaiti oil went up by $0.88 to $87.39 a barrel on Thursday as opposed to $86.51 a barrel last Wednesday, Kuwait Petroleum Corporation (KPC) said today.
In the global markets, Brent crude futures rose $0.32 to reach
Gold prices declined on Friday, but are poised to record gains for the 3rd consecutive week, amid hopes that the US Federal Reserve will cut interest rates in September.
Spot gold slipped 0.2% at $2,409.19 per ounce after rising 2%
Data from the French National Institute of Statistics and Economic Studies (INSEE) showed today that the inflation rate in the country retreated to 2.2 percent on an annual basis last June.
The institute’s data attributed this slight slowdown to weak…
European stock indices rose on Friday at the close and achieved their second weekly gain in a row thanks to strong business results and optimism among investors regarding an interest rate cut in the US next September.
The European Stoxx
