Kuwaiti oil price down to USD 59.49 pb

KUWAIT, Price of Kuwait’s crude oil have shed USD 1.46 to stand at USD 59.49 per barrel (pb) on Wednesday compared to USD 60.95 pb the day before, said Kuwait Petroleum Corporation (KPC) Thursday.

In global markets, prices went down driven by US oversupply and stock markets decline.

The Brent crude went down 94 cents to settle at USD 61.14 pb, while future contracts of West Texas Intermediate lost 81 cents, settling at USD 52.44 pb.

Source: Kuwait News Agency