Kuwaiti oil price up 28 cents to USD 63.78 pb

The price of Kuwaiti crude oil was up 28 cents to USD 63.78 per barrel (pb) Tuesday, compared to last Friday’s USD 63.50 pb, Kuwait Petroleum Corporation said Wednesday.

At world markets, oil prices were down yesterday with the resumption of libya’s and UK’s north sea pipelines in addition to an increase of US production to its highest level in more than four decades.

Meanwhile, the Brent Blend was down 30 cents to USD 66.57 pb, also did the Mid West Texas crude oil which lost five cents to reach USD 60.37 pb.

Source: Kuwait News Agency