Kuwait oil price up 41 cents to USD 43.41 pb

The price of Kuwaiti oil went up by 41 cents
The price of Kuwaiti oil went up by 41 cents

KUWAIT, May 27 (KUNA) — The price of Kuwaiti oil went up by 41 cents Thursday to reach USD 43.41 per barrel as oppose to USD 43 pb the day before, said a statement by Kuwait Petroleum Corporation (KPC) Friday.
At the world level, the price of oil retreated due to investors’ worries over the increase in production which will create a surplus in the global market.
The price for the future contracts of the Brent mix was at USD 49.59 per barrel while the price for the future contracts of the American crude was down to USD 49.48 pb. (end) ht.gta

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