Kuwait – Muabsher: The price of Kuwait oil rose 25 cents to $43.86 per barrel on Wednesday, according to the Kuwait Petroleum Corporation (KPC).

The global price of oil went down, after figures released by the US energy reports, revealed an unexpected increase in crude reserves in the US, the world largest consumer of oil.

Such data led to increase of supplies by 2.5 million barrels in contracts with expectations of a decline by 500,000 barrels.

The Brent crude price went down 91 cents to $49.05 pb. Similarly, the American crude went down by $1.33 to $46.77 pb.