Kuwait – Mubasher: The price of Kuwait’s crude oil dropped 42 cents to reach $48.36 per barrel (pb) on Wednesday, compared to $48.78 on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices on Wednesday reached the highest level in two weeks, after the US crude oil reserves shrank for the sixth week in a row.
Brent crude oil gained 56 cents to settle at $52.21 pb, while the US light crude oil rose by 41 cents to reach $49.07 pb.
