Kuwait Oil Price Down
Category: Kuwait Local News

The Price of kuwait oil went down by 12 cents wednesday to settle at USD 25.94 compared to tuesday's 26.06 pb, said kuwait petrolium corporation (KPC) thursday. On the global level, the price of kuwait went up by around 8% due to the decrease in the US dollar's exchange rates. the decrease was also attributed to news on OPEC and independent oil producers intentions to curb supplies despite weekly data showcasing an unexpected increasing in crude oil reserves in the US by 7.8 million barrels
The price of the brent mix was up yesterday by USD 2.32 to reach USD 35.04 the same for the price of american crude which was up by USD 2.4 to reach USD 32.28 pb (end) osj.dta



04 Feb, 2016 0 894
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