Kuwaiti oil prices advanced $2.71 pb to settle at $61.28 a barrel on Thursday’s trades, compared to $58.57 on Wednesday, said the Kuwait Petroleum Corporation (KPC).

Crude oil prices went down 19 cents to $65.51 pb, while Brent US crude oil declined 26 cents to $61.17 pb as the World Bank downgraded its outlook for global economic growth.