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Kuwait oil price decreases to USD 19.14 pb
January 21, 2016, 10:15 am

The price of Kuwaiti oil went down by USD 1.14 to settle at USD 19.14 per barrel compared to USD 20.28 pb last Tuesday, said Kuwait Petroleum Corporation (KPC) Thursday.

In the world market, the price of oil was down due to the increase in supplies which left oil shedding more than 25 percent of its original price this year. The Brent mix price yesterday went down by 88 cents to settle at USD 27.88 pb while the price of the American crude went down by USD 1.91 to settle at USD 26.55 pb. 

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