Fall in Kuwait Oil Price

Price of Kuwaiti oil dropped by 25 cents, reaching US$ 70.38 per barrel in Wednesday's trading, down from US$70.63 per barrel on Tuesday, according to the Kuwait Petroleum Corporation on Thursday.

Globally, price of Brent crude dropped by 19 cents to US$68.52 pb, while West Texas Intermediate crude fell by 14 cents to US$66.38 pb.