Kuwait Oil Price Down by 15 Cents to USD 51.72 Pb
Kuwait Petroleum Corporation
Kuwait - QNA
The price of Kuwaiti oil went down by 15 cents Tuesday to reach USD 51.72 per barrel as oppose to USD 51.87 pb last Friday, said Kuwait Petroleum Corporation (KPC) Wednesday.
At the global level, the price of oil went down after the US Dollar made gains, reaching levels unprecedented since 2002. The situation led investors to sell shares to gain profit.
The price of the Brent Crude went down by USD 1.35 to settle at USD 55.47 per barrel. The price of the West Texas Intermediate also went down by USD 1.39 to settle at USD 52.33 per barrel
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