Kuwait oil price down by USD 4.33 to USD 26.11 pb

  • Mar 24, 2020
  • KUNA

KUWAIT, March 24 (KUNA) -- Price of Kuwaiti oil went down by USD 4.33 to USD 26.11 per barrel Monday, when compared to USD 30.44 pb of last Friday, said Kuwait Oil Corporation (KPC) Tuesday.

Globally, oil prices were up, but American crude oil fell by more than 30 percent, including drop in demands, due to spreading disease of coronavirus (COVID-19).

The crude Brent contracts were up in yesterday's session 5 cents, to settle at USD 27.03 per barrel, while the West Texas crude was 73 cents, to stand at USD 23.36. (end) km.mb