Kuwait oil price down 81 cents to $49.61 pb

Kuwait Times - - BUSINESS -

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.

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