Kuwait crude price down to USD 108.87 pb
Kuwait - KUNA
Price of Kuwait crude oil lost 26 cents dropping to USD 108.87 per barrel on Wednesday compared with USD 109.13 pb last Tuesday, Kuwait Petroleum Corporation (KPC) said on Thursday. Prices of the crude oil on the international markets dropped, on Wednesday, after the US energy authorities reported hike of the oil reserves by 1.1 million barrels, last week, to reach 377.5 million barrels. Prices of the forward contracts of the Brent fell 12 cents to USD 112.59 pb, while the prices of the forward deals of the American crude rose nine cents to USD 99.72 pb.
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