Price of Kuwait crude oil per barrel went down USD 2.68 to settle at USD 64.41 pb in Monday’s trading compared to USD 67.09 pb on Friday, Kuwait Petroleum Corporation (KPC) said here on Tuesday.
At global oil markets, the price continued to fall after OPEC announced at the Novemeber 27th meeting that there would be no action to stem the price skid by cutting production.
Brent crude oil slumped to USD 70.10 pb while the US West Texas Intermediate (WTI) light crude settled at USD 66.15 pb.
Source : KUNA Kuwait News agency
