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.
Source:
Mubasher