Kuwait oil down 41 cents to $45.47 pb

Kuwait Times - - LOCAL -

The price of Kuwaiti oil went down 41 cents to $45.47 per bar­rel (pb) Tues­day as op­pose to $45.88 pb the day be­fore, said Kuwait Pe­tro­leum Cor­po­ra­tion (KPC) yes­ter­day. At the global level, the prices were up af­ter in­vestors showed op­ti­mism over Libya’s join­ing of coun­tries cut­ting down on pro­duc­tion. The price of the Brent Blend fu­ture con­tracts for Septem­ber were up 77 cents to $49.18 pb, while the Texas West In­ter­me­di­ate Au­gust fu­ture con­tracts were up to $46.74 pb. —KUNA

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