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Kuwaiti oil up 31 cents

Kuwaiti oil up 31 cents
Kuwaiti crude oil reached $52.12 per barrel on Friday - (Photo Credit: Arabianeye-Reuters)

Kuwait - Mubasher: The price of Kuwait oil went up by 31 cents on Friday, according to the Kuwait Petroleum Corporation (KPC).

Kuwaiti crude reached $52.12 per barrel (pb) compared to $51.81 pb on Thursday, Kuwait News Agency (KUNA) reported on Saturday.

Oil prices also increases in global markets due to reports on OPEC members achieving 90% of their commitment to lower production, which began last month, said KUNA.