Kuwait’s Oil Bucks Global Price Trend

Kuwait’s Oil Bucks Global Price Trend

Kuwait’s oil prices fell on Friday, even as global prices rose, reports Kuwait News Agency.

The price per barrel for Kuwaiti oil fell from $49.15 on Thursday to $48.77 on Friday, a drop of $0.38 (0.8%), according to the Kuwait Petroleum Company (KPC).

The price of West Texas crude and Brent crude rose on Friday.  West Texas crude rose to $49.46 per barrel, an increase of $0.43 (0.9%) while Brent crude rose to $52.40, an increase of $0.39 (0.7%), according to Kuwait News Agency.

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