Kuwait oil price down 53 cents
Kuwait - Kuna
Price of the Kuwaiti crude oil went down 53 cents on Wednesday to settle at USD 105.40 per barrel (pb), compared to USD 105.93 pb on Tuesday, Kuwait Petroleum Corporation (KPC) said in a statement Thursday. The price rise is attributed to forecast that the US crude oil reserve is declining for the second consecutive week. Another major factor is wide-spread fears, resulting from the European sovereign debts crisis.
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