Kuwait-Mubasher: The price of Kuwait’s crude oil declined 50 cents at the closing of Tuesday’s trades to $44.22 per barrel (pb) from $44.72 pb on Monday, according to data released by the Kuwait Petroleum Corporation (KPC).
Brent crude oil fell by 52 cents to settle at $49.83 on Tuesday, while the US crude oil retreated by 39 cents to reach $48.49 a barrel.
Meanwhile, Brent crude oil fell by 1.5% to $49.06 pb in the Asian markets by 2:30 GMT on Wednesday, and the US oil dropped 1.51% to $47.76.
