Oil price up

Kuwait Times - - LOCAL -

The price of Kuwaiti went up by 17 cents to $44.27 per bar­rel Fri­day af­ter be­ing at $44.10 pb on Thurs­day, said Kuwait Petroleum Cor­po­ra­tion (KPC) yes­ter­day. On the global level, the price con­tin­ued to climb due to the in­crease in the num­ber of Amer­i­can drilling rigs and statis­tics show­ing a grow­ing Chi­nese de­mand for oil. The price of the Brent crude was up by 50 cents to $47.92 pb, the same case with the Amer­i­can crude, which went up by $1.11 to $46.04. —KUNA

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