Mubasher: The price of Kuwait’s crude oil decreased by $1.31 to settle at $71.52 per barrel (pb) on Wednesday compared to $72.83 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices declined on Wednesday following data showing unexpected incline in the US crude inventories.

The US crude stock increased during the past week by 3.8 million barrels.