Kuwaiti oil price down 66 cents to $26.75pb | kuwaittimes

Kuwaiti oil price down 66 cents to $26.75pb

February 06, 2016 | 09:00 p.m EDT

KUWAIT: The price of Kuwaiti oil dropped 66 cents on Friday reaching $26.75 per barrel (pb) compared with $27.41 pb on Thursday, said the Kuwait Petroleum Corporation (KPC) yesterday. On global markets, oil price went up in Friday’s trading with an anticipation of reports on possible coordination between OPEC and non-OPEC producers.

The future contracts of US oil for March delivery rose by three percent, climbing to $31.8 per barrel, however Brent oil price declined by 0.09 percent to stand at $34.4 per barrel. — KUNA

February 06, 2016 09:00 PM

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