Kuwait oil price up to USD 51.93 pb

Kuwait Times - - LOCAL -

The price of Kuwaiti oil went up Thurs­day by three cents, reach­ing USD 51.93 per bar­rel as op­pose to USD 51.90 pb the day be­fore, said Kuwait Petroleum Cor­po­ra­tion (KPC) yes­ter­day. In the global scene, oil con­tracts were down due to data from US en­ergy out­lets re­gard­ing the in­crease of Amer­i­can crude re­serves by 614,000 bar­rels last week. The con­tracts for the West Texas In­ter­me­di­ate went down by 29 cents to set­tle at USD 53.77 per bar­rel, the same case for the con­tracts of the Brent crude which went down by eight cents to set­tle at USD 56.14 pb.

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