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Kuwait oil down $0.72

Kuwait oil down $0.72
Kuwaiti crude oil registered $46.93 per barrel on Thursday

Kuwait - Mubsher: The price of the Kuwaiti oil declined by 72 cents on Thursday, according to the Kuwait Petroleum Corporation (KPC).

The Kuwait News Agency (KUNA) reported that Kuwaiti crude oil registered $46.93 per barrel (pb) yesterday, compared to $47.65 pb on Wednesday.

Meanwhile, oil prices were fluctuating at the global level on Thursday as data showed a drop in US crude stocks by 13%.

The West Texas Intermediate (WTI) went down by five cents to settle at $46.73 per barrel, while the Brent Crude was stable at $50.27 pb, KUNA added.