Kuwait oil price up 15 cents to $50.28 pb | kuwaittimes

Kuwait oil price up 15 cents to $50.28 pb

January 22, 2017 | 09:49 p.m EDT

KUWAIT: The price of Kuwaiti oil went up by 15 cents to $50.28 per barrel Friday as oppose to $50.13 pb the day before, said Kuwait Petroleum Corporation (KPC) on Saturday. At the global level, the price went up due to expectations that OPEC and Non-OPEC members will fulfill their deal to reduce their oil output despite news regarding the increase in US petroleum excavation activities. The price of the Brent crude went up by $1.33 to $55.49 per barrel while the American Crude which went up by $1.05 to $52.42 pb.

January 22, 2017 09:49 PM

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