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Kuwait oil price drops 6 cents to USD 60.72 pb.

KUWAIT, May 13 (KUNA) -- Price of the Kuwaiti crude oil, in Tuesday's trades, dropped six cents, reaching USD 60.72 pb as compared to USD 61.08 pb on Monday, according to Kuwait Petroleum Corporation on Wednesday. International oil prices went up three percent yesterday due to the decline of the US dollar's trade rate and OPEC's forecast of growing global demand on oil, in addition to mounting concerns over developments in Yemen and the safety of supply from the Middle East region. The Brent deals in London went up USD 1.95, or three-percent increase, reaching upon settlement to USD 66.85 pb, while American crude deals closed at USD 60.75 pb. (end) osj.hb

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Publication:Kuwait News Agency (KUNA)
Date:May 13, 2015
Words:130
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