Mubasher TV
Contact Us Advertising   العربية

Kuwait crude oil up $ 0.66 to $ 99.34 pb

Kuwait crude oil up $ 0.66 to $ 99.34 pb
Price of Kuwaiti crude oil rose by USD 0.66 to USD 99.34 per barrel (pb) on Wednesday, compared to USD 98.68 pb a day before, the Kuwait Petroleum Corporation (KPC) said on Thursday.

The US crude was traded at the New York bourse at USD 95.08 pb while the Brent crude stood at USD 101.96 pb.

The oil markets were affected by the news published about the second-largest oil producer company in Russia to ship one million barrels of crude oil from Qurna 2 oilfield in southern Iraq; it is the first shipment of this field despite the escalation of the political and security crisis in Iraq.