Kuwaiti crude price down to $110.48 per barrel

Price of Kuwaiti crude oil shed USD 1.34 to 110.48 per barrel on Friday compared with 111.82 pb on Thursday, said Kuwait Petroleum Corporation on Saturday. Crude oil prices have witnessed a decline on Friday following statements by U.S. President Barack Obama on attempting a limited military movement against Syria, which does not include an open commitment or a major military operation. Also, the decline of prices is due to the Syrian crisis, as well as the possibility of directing a military strike against that country, which would affect oil supplies from the Middle East region to various areas around the world.