Kuwait Oil Price Down 32 Cents to USD 39.46 per barrel

The price of Kuwaiti oil went down 32 cents to USD 39.46 per barrel Wednesday after it was at USD 39.78 pb last Monday, said Kuwait Petroleum Corporation (KPC) Thursday. 
The price of crude oil went down at the world market by two percent after an unexpected increase in the US crude reserves. 
The price of West Texas crude went down by USD 1.06 to settle at USD 41.71 per barrel while the price of the Brent mix was down by 93 cents to USD 44.05 pb. 
American energy reports stated that the crude oil reserves in the US had increased by 1.1 million barrels in the week ending on August fifth, the third increase in three weeks.