Kuwaiti crude price drop 69 cents to $109.70 per barrel

Price of Kuwaiti crude oil dropped 69 cents settling at USD 109.70 per barrel on Thursday compared to USD 110.39 pb on Wednesday, said Kuwait Petroleum Corporation in a statement on Friday.Oil prices on world markets are forecast to be affected, in the coming hours, with fresh reports indicating that most of the G20 leaders were in consensus regarding "necessity" of hitting Syrian regime of Bashar Al-Assad, as well as reports about evacuation of US diplomatic staff in Mediterranean countries, namely Lebanon.Moreover, the markets are bracing for reports from the US regarding new incentives to be offered by the Federal Reserve, aimed at shoring up the economy.