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Kuwait oil dips by $5.16 to $110.96 pb

KUWAIT: The price of Kuwaiti oil plunged by $5.16 to $110.96 per barrel on Wednesday, compared with $116.12 pb a day earlier, said the Kuwait Petroleum Corporation (KPC) on Thursday. Globally, Brent crude plummeted by $2.91 to $111.74 pb, as the West Texas Intermediate crude fell by $3.33 to $106.19 pb.

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