Kuwait oil price down 81 cents to $49.61 pb
KUWAIT: The price of Kuwaiti oil went down by 81 cents to $49.61 per barrel Thursday as oppose to $50.42 pb the day before, said Kuwait Petroleum Corporation (KPC) Friday. At the global level, the price of oil was stable. OPEC recently informed clients that they will reduce production by early 2017. The price of the Brent crude went up by 21 cents to $54 per barrel while the price of the American crude went down by 14 cents to $50.90 pb.