Kuwaiti crude price up 72% to $102.70 per barrel

The price of Kuwaiti oil went up 72 cents, reaching USD102.70 per barrel in Friday's trading, compared to USD 101.98 pb the day before,Kuwait Petroleum Corporation (KPC) said in a statement Saturday.Oil prices went down in international markets amidst investors' anticipation of theUkrainian crisis outcome. The prices are also being affected by the lack ofimprovement in the Libyan oil supplies. The rise of the US dollar against other maincurrencies also played a role in bringing oil prices down.In London's stock exchange, Brent contracts for June delivery went down 15 cents toUSD 107.89 per barrel while US crude oil futures in the New York MercantileExchange (NYMEX) went down 27 cents to USD 99.99 per barrel.