Kuwaiti oil price down $1.27 to $44.91 pb

Kuwait Times - - LOCAL -

The price of Kuwaiti oil was down by $1.27 to $44.91 per bar­rel (pb) on Mon­day as op­pose to $46.18 pb on Fri­day, said the Kuwait Petroleum Cor­po­ra­tion (KPC) yes­ter­day. Glob­ally, the prices were up dur­ing Mon­day’s trad­ing af­ter Saudi Ara­bia, the big­gest oil pro­ducer in OPEC, pledged to lower it ex­ports for the sake of find­ing a balance be­tween sup­plies and de­mands.

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