Kuwait oil price rises to USD 34.79 pb

KUWAIT, March 19 (KUNA) — Kuwait oil price rose 41 cents reaching USD 34.79 per barrel in Friday’s trades against USD 34.38 on Thursday, Kuwait Petroleum Corporation (KPC) said on Saturday.
Forwards for the American crude oil have jumped to new high levels for the fifth week in a row due to a forecast accord among producers to freeze output ceiling. Oil prices in general have increased, largely due to low interest. (end) mke.rk