Kuwait oil price down 7 cents to USD 29.45 pb

Kuwait oil price down 7 cents to USD 29.45 pb
Kuwait oil price down 7 cents to USD 29.45 pb

KUWAIT, March 4 (KUNA) — The price of Kuwaiti oil went down Thursday seven cents to settle at USD 29.45 per barrel compared to USD 29.52 pb the day before, said Kuwait Petroleum Corporation (KPC) Friday.
In the world market, the price of future contracts went up during Friday’s trading due to news regarding the decrease in American production of oil, a step that might lead to the recovery of the price.
The price of the future contracts for the Brent mix went up 21 cents to reach USD 37.28 per barrel, the same case for the future contracts of American crude which went up 20 cents to reach USD 34.77 pb. (end) ht.gta