Kuwait – Mubasher: The price of Kuwait’s crude oil rose by 83 cents to $55.02 per barrel (pb) on Wednesday, versus $54.19 pb on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices fell on Tuesday, missing analysts’ expectations, after the increase in the US’ crude inventories.
Nymex crude oil, December delivery, inched down by 0.29% at $52.03pb
By 8:08 am GMT, the Brent crude oil levelled up 0.17% to $ 58.34 pb.
The American Petroleum Institute (API) forecasted to climb last week, in line with a sharp drop in gasoline.
The American Petroleum Institute (API) on Wednesday forecasted the US’ crude inventories to climb last week by 0.9 million barrels to reach 457.2 million barrels.
