Kuwait’s oil declines 14 cents

Kuwait- Mubasher: The price of Kuwait’s crude oil fell 14 cents by the end of trades on Friday to $42.60, versus $42.74 by the end of Thursday, according to data released by the Kuwait Petroleum Corporation (KPC) on Saturday.

Globally, oil prices jumped 4% despite the fall in US dollar.

Baker Hughes on Friday said the number of oil rigs increased by 9 to 337 this week.

Mubasher Contribution Time: 18-Jun-2016 10:11 (GMT)
Mubasher Last Update Time: 18-Jun-2016 10:11 (GMT)