Price of Kuwaiti oil falls
Kuwait - KUNA
Price of the Kuwaiti crude oil dropped 33 cents to USD 106.01 per barrel on Friday compared to USD 106.34 pb the day before, Kuwait Petroleum Corporation (KPC) said in a statement on Saturday. The prices of crude oil fell on global markets, on Friday, after failure of talks among decision making quarters in the United States on avenues to be taken to avert forecast dire consequences of the upcoming so-called "fiscal cliff," where the administration would be compelled to balance the budget and tackle deepening deficit.
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