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Kuwait oil dips by USD 5.16 to USD 110.96 pb – KPC

Kuwait: The price of Kuwaiti oil plunged by USD 5.16 to USD 110.96 per barrel on Wednesday, compared with USD 116.12 pb a day earlier, said the Kuwait Petroleum Corporation (KPC) on Thursday.

Globally, Brent crude plummeted by USD 2.91 to USD 111.74 pb, as the West Texas Intermediate crude fell by USD 3.33 to USD 106.19 pb.

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