The price of Kuwaiti crude oil went down by $ 0.83 to $ 98.68 per barrel (pb) on Tuesday against $ 99.51 pb on the day before, the Kuwait Petroleum Corporation (KPC) said on Wednesday.
The US crude was traded at the New York bourse at $ 94.77 pb while the Brent crude stood at $ 101.59 pb.
The global oil markets have been affected by the US dollar, the crude currency, against major currencies as well as with the geopolitical developments, particularly in the resources-rich Middle East region and Ukrain.
The US crude was traded at the New York bourse at $ 94.77 pb while the Brent crude stood at $ 101.59 pb.
The global oil markets have been affected by the US dollar, the crude currency, against major currencies as well as with the geopolitical developments, particularly in the resources-rich Middle East region and Ukrain.
Source:
Mubasher
