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.
Source:
Mubasher