Mubasher: The price of Kuwait crude oil decreased by 38 cents to settle at $70.5 per barrel (pb) on Wednesday, down from $70.88 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
Globally, oil futures settled higher on Wednesday’s trading activities, registering its highest level since 31 October.
US crude oil stockpiles climbed by 7 million barrels to 456.5 million barrels in the week ended 5 April, according to a report issued by the Energy Information Administration (EIA).
