Kuwait - Mubasher: The price of Kuwait oil went down by $1.30 on Friday, according to the Kuwait Petroleum Corporation (KPC).

Kuwaiti crude oil registered $44.17 per barrel (pb) on Friday, compared to $46.47 pb on Thursday, Kuwait News Agency (KUNA) reported.

Oil prices also declined on the global level, as Brent Crude futures for September delivery reached $47.15 pb, while West Texas Intermediate (WTI) futures for August delivery recorded $44.59 pb.