Mubasher: The price of Kuwait’s crude oil fell by $0.15 to $82.11 per barrel (pb) on Wednesday, compared to $82.26 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices slipped as Nymex crude oil hit lowest in two weeks on the back of global stocks’ sharp declines.

The global markets plunge also weighed on the US crude oil prices.

Investors are anticipating the US Energy Information Administration (EIA) to announce the American crude inventories data for the last week on Thursday.