Kuwaiti oil price down 18 cents to stand at USD 60.18 pb

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Kuwaiti oil price down 18 cents to stand at USD 60.18 pb

Posted on : Tuesday 28th of November 2017

KUWAIT (KUNA) -- The price of Kuwaiti crude oil went down 18 cents and settled at USD 60.18 per barrel Sunday, compared to USD 60.36 per barrel since last Friday, said Kuwait Petroleum Corporation (KPC) on Tuesday.

On world markets, oil prices fell yesterday due to expectations of an increase in supply after the expected restart of the Canadian-US pipeline, which was stopped a while ago, as well as uncertainty about Russia's intention to continue extending production cuts before the OPEC meeting this week.

Oil crude price Brent mixed was down two cents to stand at USD 63.84 with the US crude Western Texas oil also down 84 cents and settled at USD 58.11 per barrel.

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