Decrease in Kuwait Oil Price

The price of Kuwaiti oil went down by US$1.9 to US$77.25 per barrel on Monday as opposed to US$79.15 pb last Friday, said Kuwait Petroleum Corporation (KPC) on Tuesday.

In the global market, the prices of the Brent crude and West Texas Intermiedate went up each by 35 cents and 30 cents to settle respectively at US$74.78 pb and US$70.70 pb.