Kuwait – Mubasher: The price of Kuwait’s crude oil went up 66 cents to reach $47.53 per barrel on Wednesday as compared to $46.87 on Tuesday, according to the latest data issued by Kuwait Petroleum Corporation (KPC).
On the global level, Brent crude oil rose 99 cents to $52.67 a barrel, and the US crude oil gained 1.31 cents to settle at $51.90.
Oil prices levelled up 2% due to the unexpected drop in the US oil reserves by 5.2 million barrels in the week ended 14 October.
