Mubasher TV
Contact Us Advertising   العربية

Kuwaiti oil down 77 cents per barrel

Kuwaiti oil down 77 cents per barrel
Global oil prices settled down $50 - (Photo Credit: Arabianeye - Reuters)


Kuwait – Mubasher: The barrel price for Kuwaiti oil fell by 77 cents on Friday to stand at $42.64 against $43.41 on Thursday, said Kuwait News Agency (KUNA).

Globally, oil prices decreased amid fears that higher rates of production could lead anew to supply glut, KUNA indicated.

On Friday, Brent crude LCOc1 went down 27 cents to $49.32 a barrel.

US crude CLc1 slipped 15 cents to $49.33.