Kuwaiti crude price reaches $105.14

The price of Kuwaiti crude oil was down by USD 0. 75 to reach USD 105.14 pb on Tuesday, compared to USD 105.89 pb the day before, Kuwait Petroleum Corporation (KPC) said Wednesday. Crude prices dropped in a number of international markets after the Organization of the Petroleum Exporting Countries (OPEC) trimmed its predictions of economic growth in the United States and Euro zone. Brent futures for April delivery closed Tuesday's trading flunctuated session down USD 0.75 to reach USD 109.65 pb. In NYMEX, prices of US crude-oil futures rose for the fouth consequative session during instable trading on Tuesday, after stabilizing at a considerable level during the last two sessions, while Brent premium reduced over light US crude-oil reduced to a level below USD 17 during the session. Light US crude-oil futures for April rose by USD 0.48 to close at USD 92.54 pb.