Kuwaiti oil price up 22 cents to USD 59.76 pb

KUWAIT, The price of Kuwaiti crude oil went up 22 cents, settling at USD 59.76 per barrel (pb), compared to USD 59.54 pb last Tuesday, said Kuwait Petroleum Corporation (KPC) on Thursday.

In world markets, oil prices went down yesterday after data showed a sharp decline in refined oil reserve in the US.

Brent Blend price lost USD 1.64 to stand at USD 61.22 ob, while the West Texas Intermediate had shed USD 1.66 and settled at USD 55.96 pb.

Source: kuwait news agency