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Oil price down by 58 cents

KUWAIT: The price of Kuwaiti oil was down by 58 cents to $48.17 per barrel Tuesday as oppose to $48.75 pb the day before, said Kuwait Petroleum Corporation (KPC) yesterday. At the global level, the price of oil recovered after five sessions of losses. The price of the Brent crude was up by 50 cents to $52.10 per barrel, the same case with the US crude oil, which went up by 33 cents to $49.56 pb. — KUNA

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