Kuwait oil price up 51 cents to USD 44.96 pb

Kuwait oil price up 51 cents
Kuwait oil price up 51 cents

KUWAIT, June 23 (KUNA) — The price of Kuwait oil went up by 51 cents to reach USD 44.96 per barrel Wednesday after being at USD 44.45 pb the day before, said Kuwait Petroleum Corporation (KPC) Thursday.
At the world level, the price of oil increased Wednesday due to US energy expectation regarding the decrease in American crude reserves last week by 5.2 million barrels.
The price of future contracts of the American crude went up by 46 cents to reach USD 50.31 per barrel, the same case occurred with the Brent mix which went up by 33 cents to USD 50.31 pb. (end) mam.gta