Kuwait crude oil up by 46 cents to reach $55.35

Kuwait crude oil price went up 46 cents in Wednesday's trading reaching USD 55.35 per barrel as compared to USD 54.89 pb in Tuesday's trading, according to Kuwait Petroleum Corporation (KPC) on Thursday.
Oil prices on the international markets dropped Yesterday, coinciding with continued increase in strategic stockpiles and mounting concerns about oversupply.
The prices turned bearish despite disruption of Libya's exports as a result of ongoing events there, as well as expenses' reduction by a number of oil companies and decrease of drilling operations in the US oil sector.
Meanwhile, the Brent crude for April delivery went down two dollars to USD 60.53 pb. US crude oil also went down up by 1.39 dollar, reaching USD 52.14 pb.