Kuwaiti oil price up to $49.30 pb

Kuwait Times - - LOCAL -

The price of Kuwaiti oil went up by 45 cents to $49.30 per bar­rel Tues­day af­ter be­ing at $48.85 pb the day be­fore, said Kuwait Pe­tro­leum Cor­po­ra­tion (KPC) yes­ter­day. The prices at the global level were down due to data show­ing an in­crease in US oil re­serves last week by 1.8 mil­lion bar­rels. The price of the Brent crude was down to $52.28 per bar­rel as in the case of the West Texas In­ter­me­di­ate, which was also down to $49.84 pb. —KUNA

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