The price of the Kuwaiti oil dropped by 72 cents to settle at USD46.93 per barrel (pb) Thursday compared with USD47.65 pb on Wednesday, said Kuwait Petroleum Corporation Friday.

According to Kuwait News Agency, the price of the West Texas Intermediate went down by five cents to settle at USD46.73 per barrel, while the Brent Crude was stable at USD50.27 pb.

Source: Wam