Oil price down

Kuwait Times - - LOCAL - — KUNA

KUWAIT: The price of Kuwaiti oil bar­rel dropped 38 cents reach­ing $48.77 per bar­rel on Fri­day, com­pared to $49.15 pb on Thurs­day, said Kuwait Petroleum Cor­po­ra­tion (KPC) yes­ter­day. Mean­while, prices rose in the in­ter­na­tional mar­kets yes­ter­day, af­fected by pos­i­tive US re­ports on the rise of de­mand for en­ergy. West Texas crude went up 43 cents reach­ing $49.46 pb, while Brent crude fu­ture con­tracts rose 39 cents to reach $52.40 pb.

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