Kuwaiti oil price to $103 per barrel

Price of Kuwaiti crude oil dropped USD 1.25 settling at USD 103.36 per barrel in Friday's trades, compared to USD 104.61 pb the previous day, Kuwait Petroleum Corporation (KPC) said on Saturday. On the international markets, forward deals for the American crude dropped, on Friday, due to mounting jitters resulting from slackness in China's economic growth and fall of US stocks amid negative indications about emerging economic markets, in addition to forecast slash of monetary incentives in the US. In the New York market, contracts of light crude fell to USD 96.64 pb, while those of Brent crudes in London rose to USD 107.88 pb.