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Kuwait crude oil price falls $1.2 on Wednesday

Kuwait crude oil price falls $1.2 on Wednesday
Brent crude futures went up by 3.4%

Mubasher: The price of Kuwait’s crude oil declined by $1.21 to settle at $62.55 per barrel on Wednesday, compared to $63.76 pb a day earlier, according to the Kuwait News Agency.

Brent crude futures went up by 3.4% to hit $57.11 pb, while Nymex WTI increased by 2.6% to reach $62.44 pb.

US crude oil stockpiles climbed by 1.4 million barrels to 450.4 million barrels in the week ended 15 November, the Energy Information Administration (EIA) said.