Kuwait oil price down 91 cents to USD 31.01 pb

Price of Kuwait's crude oil went down 91 cents on Tuesday to USD 31.01 per barrel against USD 31.92 pb last Monday, Kuwait Petroleum Corporation said on Wednesday.

Kuwait News Agency, KUNA, says that in international markets, there is a positive indicator on the planned agreement between the oil-producing countries from inside and outside of OPEC to freeze production at January's levels to curb the decline of oil prices during the next meeting on April 17 in Doha.

Kuwait's top OPEC representative Nawal al-Fuzaia said the US crude moved up 19 cents to settle at USD 35.89 a barrel, while Brent crude increased 18 cents to close at USD 37.87 dollars a barrel.