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Kuwait crude oil falls $1.44 Wednesday – KPC

Kuwait crude oil falls $1.44 Wednesday – KPC
Photo Credit: Arabianeye-Reuters

Mubasher: The price of Kuwait’s crude oil went down $1.44 to settle at $47.33 per barrel on Wednesday, compared to $48.47 on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).

On Wednesday, official data showed that the US oil reserves increased 5 million barrels during the week ended on 17 March, reaching 533.1 million barrels.