The price of Kuwaiti crude oil declined by 64 US cents on Thursday and settled at US$54.22 per barrel, compared to $54.86 per barrel last Tuesday, the Kuwait Petroleum Corporation said today.

According to the Kuwait News Agency, KUNA, the price for Brent mixed crude fell by 92 cents to $57.23 while the price of US crude fell by 75 cents to settle at $51.29 per barrel.

Source: Wam