Mubasher: The price of Kuwait’s crude oil decreased by 6 cents to settle at $73.95 per barrel (pb) on Wednesday, compared to $74.01 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices slid at Wednesday’s settlement, as US data showed higher inventories.
US crude oil stockpiles jumped by 5.5 million barrels to 460.6 million barrels in the week ended 19 April, the Energy Information Administration (EIA) said.
