The price of Kuwaiti crude oil was down by USD 1.1 to trade for USD 104.98 pb on Thursday, compared to USD 106.08 pb on Wednesday, said Kuwait Petroleum Corporation (KPC) on Friday.
Oil prices have been on the decline as supplies from Libya, Africa’s major exporter, rose, and data from the USA showed increase of gasoline stocks there last week.
US crude oil price fell by 30 cents on Thursday to USD 101.20, while BRENT crude was down by 8 cents to USD 108.20.
Source : KUNA Kuwait News agency
