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Kuwaiti oil price down USD 1.27 to USD 24.06 pb
January 12, 2016, 11:11 am

The price of Kuwaiti oil went down by USD 1.27 Monday to settle a USD 24.06 per barrel after being at USD 25.33 last Friday, said a statement by Kuwait Petroleum Corporation (KPC) Tuesday. At the world market, the price of oil went down sharply with the forecast expecting the price to go further down due to the fumbling performance of the Chinese market.

The price of the Brent mix went down by USD 2.00 to settle at USD 31.55 pb. The same case with the American crude which reached USD 31.41 pb, a drop by USD 1.57. 

Source: KUNA

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