Mubasher: The price of Kuwait’s crude oil dropped 112 cents to settle at $60.68 per barrel on Friday, compared to $61.8 pb a day earlier, according to the Kuwait News Agency.
Brent crude futures declined by 3.5% to hit $61.69 pb, while Nymex WTI went down by 3.7% to reach $56.2 pb.
US natural gas storage jumped by 89 billion cubic feet (Bcf) in the week ended 25 October, to a total of 3,695 Bcf, the Energy Information Administration said.
