Miscellaneous

Kuwait oil price drops 85 cents to USD 49.91 pb

The price of Kuwaiti oil dropped 85 cents to reach USD 49.91 per barrel (pb) Monday after it was at USD 50.76 pb Friday, Kuwait Petroleum corporation (KPC) said on Tuesday.

In global markets, Brent crude fell USD 1.35 to settle at USD 50.91 pb, the same case with West Texas Intermediate crude contracts, which went down USD 1.36 to reach USD 47.74 pb.

Source: Kuwait News Agency