Kuwait Oil Price Falls

The price of Kuwaiti oil went down by 55 cents to reach US$116.91 per barrel on Wednesday, compared with US$117.46 pb a day earlier, said the Kuwait Petroleum Corporation (KPC) on Thursday. Globally, Brent crude futures dropped by US$1.72 to US$116.26 pb, as the West Texas Intermediate crude fell by US$1.98 to US$109.78 pb.