Kuwait – Mubasher: The price of Kuwait’s crude oil went down 37 cents to settle at $40.17 a barrel on Wednesday as compared to $40.54 on Tuesday, according to the latest data issued by Kuwait Petroleum Corporation (KPC).

On the global level, Brent crude oil gained $2.72 to reach $48.69 per barrel, while the US crude oil rose $2.83 to settle at $47.05 a barrel.