Kuwait: The price of Kuwaiti oil dropped 32 cents to USD 110.69 per barrel on Wednesday, compared with USD 111.01 pb the day before, as announced by the Kuwait Petroleum Corporation (KPC) Thursday.

Globally, the Brent crude went down by 43 cents to USD 106.92 pb and so did the West Texas Intermediate by USD 1.96 to USD 102.26 pb.