Price of Kuwait crude oil per barrel went down by USD 2.80 to USD 67.09 pb in Friday’s trading compared to USD 69.89 pb on Thursday, Kuwait Petroleum Corporation (KPC) said here on Saturday.
At global oil markets, the price continued to fall after OPEC announced on their Novemeber 27th meeting that they would not fight the price skid by cutting production.
Brent crude oil slumped to USD 70.10 pb while the US West Texas Intermediate (WTI) light crude settled at USD 66.15 pb.
Source : KUNA Kuwait News agency
