Mubasher: The price of Kuwait’s crude oil decreased by 48 cents to settle at $63.19 per barrel (pb) on Wednesday compared to $63.67 pb on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices declined following an unexpected drop in US inventories.
The data disclosed by the US Energy Information Administration (EIA) showed a decline of 4.6 million barrels in the crude oil reserves during the week ended 30 March.
