Kuwait oil price down 77 cents to USD 42.64 pb

KUWAIT, May 28 (KUNA) — The price of Kuwaiti oil went down by 77 cents Friday to reach USD 42.64 per barrel (pb) as opposed to USD 43.41 pb the day before, said Kuwait Petroleum Corporation (KPC) Saturday.
Overall prices in international markets also saw a decline due to investors’ concerns over a production hike that would lead to oversupply. (end) mka.hb

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