Price of Kuwait crude oil per barrel slightly went up on Thursday by USD 0.66, to USD 76.45 pb, compared to USD 75.79 in Wednesday’s trading, said Kuwait Petroleum Corporation (KPC) on Friday.
The slight rise in oil prices came in the wake of forecasts that the Organization of Petroleum Exporting Countries (OPEC) would cut oil output.
In New York Mercantile Exchange (NYMEX), American crude settled at USD 78 pb.
Source : KUNA Kuwait News agency
