Kuwaiti oil barrel up USD 2.98 to reach USD 53.73 pb

The price of Kuwaiti oil barrel rose USD 2.98 to stand at USD 53.73 per barrel on Wednesday, compared with USD 50.75 pb last Tuesday, said Kuwait Petroleum Corporation (KPC) on Thursday.

In international markets, Brent crude oil went up 70 cents to reach USD 54.30 per barrel, while the West Texas Intermediate gained 70 cents to reach USD 50.63 pb.

Source: Kuwait News Agency