Published On: Sat, May 24th, 2014

Kuwait crude oil drops 14 cents in Thursday trading

Kuwait Petroleum Corporation ''KPC''

Kuwait Petroleum Corporation ”KPC”

Kuwait crude oil dropped in trading in international markets Thursday to end the day at USD 105.25 per barrel, Kuwait Petroleum Corporation (KPC) said Friday.
It added in a brief statement that the barrel of Kuwait crude oil lost 16 cents compared with Wednesday’s trading.
Oil prices have been decreasing because of the appreciation of the US Dollar vis-a-vis the world’s major currencies, coupled with positive figures of the oil stocks in the US.

Source : KUNA Kuwait News agency

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