Kuwait crude to $105.05

Kuwaiti crude oil came down 9 cents on Wednesday and traded for USD 105.05 per barrel (pb) compared to Tuesday's rate of USD 105.14 pb, said Kuwait Petroleum Corporation on Thursday. There is a global decline trend in the oil market under the influence of the US, the world's top consumer, announcing peak level in oil reserves this year at a hike of 2.6 million barrels to 384 million barrels by end of last week. Brent contracts saw a slip of 0.3 percent in London, down to the lowest in two weeks, on the back of drop in global demand and consumption rates for the second month in 2013.