Kuwait – Mubasher: The price of Kuwait’s crude oil fell on Wednesday by 51 cents to settle at $50.42 per barrel when compared to $50.93 pb on Tuesday, Kuwait News Agency (KUNA) said according to Kuwait Petroleum Corporation (KPC) on Thursday.
“The price at the global level also witnessed a retreat due to the US Federal Reserve's decision to raise the interest rate,” KUNA said.
At the global level, Brent crude oil retreated by $1.82 to $53.90 per barrel, and the American crude which went down by $1.94 to settle at $51.04 pb.
