Kuwaiti crude price keeps going up to settle at $ 109.12
Kuwait - KUNA
Kuwait Petroleum Corporation (KPC) said on Thursday that the price of Kuwait's crude oil kept on rising and put on USD 1. 18 in Thursday's trading to settle at USD 109.12 per barrel (pb) compared to USD 107.94 the day before. Despite a collapse of prices in global markets, Kuwaiti crude increased in yesterday's trading after data showed an increase of the US reserve by 1.6 pb during last week. Meanwhile, future contracts of the US reserve for November have went down USD 0.68 to settle at USD 91.71 per barrel. Brent's future contracts for the same month have also dropped USD 0.70 to settle at USD 113.80 per barrel.
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