Kuwait oil price rises

KUWAIT: Kuwait oil price climbed to $50.27 per barrel on Wednesday from $49.90 pb the day before, Kuwait Petroleum Corporation (KPC) said yesterday. In international markets, the Brent crudes’ forwards rose 10 cents, 0.51 percent, reaching $53.38 pb. Forwards of the American crude also moved up, by one percent, after posting record fall since six months ago, amid surprise decline in the US reserves. — KUNA

This article was published on 31/07/2015