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FinancialNews
05-12-19
Prices of Kuwaiti oil increase on Wednesday
(MENAFN) According to the Kuwait Petroleum Corporation (KPC) on Thursday, The price of Kuwaiti oil increased by 21 cents to USD 62.82 for each barrel on Wednesday after it was at USD 62.61 per barrel the previous day.
At the international level, the price rose by 3 percent on Wednesday improved by probability that OPEC and allies would keep on enforcing the production reduction deal.
The growth was also attributed to US government data giving a massive decrease in local crude supplies.
The price of the Brent crude increased by USD2.18 to USD63.
MENAFN0512201900450000ID1099373970
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