Kuwait oil price up by 50 cents to $46.60 pb

The price of Kuwaiti oil was up by 50 cents to $46.60 per barrel Tuesday as oppose to $46.10 pb the day before, said Kuwait Petroleum Corporation (KPC) yesterday. At the global markets, the prices were fluctuating due signs that US oil production was on the rise. The price of the Brent crude was down by seven cents to $49.61 per barrel while the West Texas Intermediate was up by one cent to $47.08 pb. — KUNA