Kuwaiti crude price up to $102.01 per barrel
Kuwait - KUNA
Price of Kuwaiti crude oil went up USD 1.10, settling at USD 102.01 per barrel (pb) on Monday compared to USD 100.91 pb Friday, Kuwait Petroleum Corporation (KPC) said in a statement on Tuesday. The global oil price went up yesterday due to failure to reach an agreement on Iranian nuclear program during a meeting which gathered Iranian and international official in Geneva yesterday. A similar meeting will be held in Geneva on November 20th. The sanctions on Iran, which reduces Iranian oil imports by over a million barrels per day, played a role in the price hike.
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