Kuwait oil dips 98 cents

The price of Kuwaiti oil went down 98 cents to $ 60.08 per barrel (pb) Tuesday, after being at $ 61.06 pb the day before, said the Kuwait Petroleum Corporation (KPC) Wednesday.

Globally, the Brent crude future contracts went down 87 cents to$ 58.94 pb, the same case with the West Texas Intermediate, which lost $ 1.06 reaching $ 53.63 pb. OPEC daily basket price went down by 83 cents to$ 59.71 a barrel Tuesday, compared with $ 60.54 per barrel (pb) the previous day, the organization said in its bulletin.