Kuwaiti Oil Price Goes up to $42.69 pb
Kuwait Petroleum Corporation
Kuwait - QNA
The price of Kuwaiti oil went up by 59 cents to reach USD 42.69 per barrel Wednesday as oppose to USD 42.10 pb the day before, said Kuwait Petroleum Corporation (KPC) Thursday.
At the global market, the price of oil jumped by 10% due to OPEC's agreement to lower the organization's production by 1.2 million barrel per day next January, according to (KUNA) news agency.
Russia's intentions to lower production by 300,000 barrels per day also played part in the increase. The Brent crude price went up by USD 4.09 to reach USD 50.47 per barrel, the same case with the West Texas intermediate which jumped by USD 4.21 to USD 49.44 pb.
GMT 21:38 2017 Thursday ,16 February
Kuwait Oil Price Down 25 cents to $52.30 pbGMT 19:10 2017 Saturday ,11 February
Kuwait Oil Price Up 31 Cents to $52.12 per BarrelGMT 17:24 2017 Wednesday ,08 February
Kuwaiti Oil Price Up 29 Cents to $52.98 per BarrelGMT 18:06 2017 Saturday ,28 January
Kuwait Oil Price Up 27 Cents to USD 51.73 per BarrelGMT 20:10 2017 Thursday ,26 January
Kuwaiti Oil Price Down 43 Cents to $50.83 a Barrel
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