Mubasher: The price of Kuwait’s crude oil decreased by 41 cents to settle at $74.51 per barrel (pb) on Wednesday compared to $74.92 pb in the prior session, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices shrank on Wednesday to their lowest level in two months in line with the data on the US crude inventories.
Nymex crude oil has registered its worst performance since July 2016.
The US crude stock has increased by 3.2 million barrels, while the fuel reserves decreased by 3.2 million barrels in the past week.
