Kuwaiti oil price down 7 cents to USD 60.39 pb

The price of Kuwaiti oil went down by 7 cents to USD 60.39 Wednesday after it was USD 60.46 pb the day before, said the Kuwait Petroleum Corporation (KPC) Thursday.

At the global level, the price went up after much speculative trading due to the increase in US crude reserves and a drop in fuel and distillates stockpiles.

The price of the Brent crude went up by 25 cents to USD 64.89 per barrel, the same case with the West Texas Intermediate, which went up by 25 cents to USD 60.96 pb.

Source: Kuwait News Agency