Miscellaneous

Kuwait oil price down 63 cents to USD 73.52 pb

The price of Kuwaiti oil went down by 63 cents to USD 73.52 per barrel (pb) Friday, after being at USD 74.15 pb the day before, said Kuwait Petroleum Corporation (KPC) on Saturday.

On the global level, oil prices varied on Friday as US crude went up supported by an increase in purchases. The Brent crude price was affected by world trade tensions and increase production.

The Brent crude fell 28 cents to reach USD 77.11 pb while the West Texas Intermediate was up 86 cents to reach USD 73.80 pb.

Source: Kuwait News Agency