Kuwaiti oil price down 47 cents stands at USD 60.90 per barrel

The price of Kuwaiti crude oil went down 47 cents and settled at USD 60.90 per barrel, compared to USD 61.37 per barrel since last Tuesday trading, said Kuwait Petroleum Corporation (KPC) on Thursday.

In world markets, oil prices were down due to decline in financial markets and US government data, which showed an increase in US reserve and crude oil production.

Oil crude price Brent mixed was down USD 1.45 cents to stand at USD 64.34 while the US crude Western Texas oil was also down USD 1.45 and settled at USD 61.15 per barrel.

Source: Kuwait News Agency