Kuwait oil price drops 69 cents to $51.46

GMT 21:13 2015 Wednesday ,25 February

Arab Today, arab today Kuwait oil price drops 69 cents to $51.46

Kuwait's crude oil
Kuwait - KUNA

Kuwait crude oil price went down by 69 cents reaching USD 51.46 per barrel on Tuesday as compared to USD 52.15 pb in latest trades of the East markets ahead of China's holiday on Wednesday, according to Kuwait Petroleum Corporation (KPC) on Wednesday.
On the international markets, prices of forward deals dropped more than two percent in end of unstable trades, amid continuing jitters due to glut, hiking USD, despite pressures caused by a strike observed at American refineries.
The Brent forward deals fell USD 1.3 per barrel to USD 58.90 pb, while the American Texas crude dropped USD 1.3 to USD 49.45 pb.

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