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Kuwaiti crude price down to $105.34 pb

KUWAIT CITY, Aug 15, (KUNA): Price of Kuwaiti crude oil went down $0.11 in Wednesday’s trades to settle at $105.34 per barrel (pb), compared to $105.45 pb the day before, said Kuwait Petroleum Corporation on Thursday. Crude oil price was on a rise in the last couple of days due to US dollar instability against other currencies. The decrease in US oil crude and the strike in Libya’s biggest oil exporting ports also led to the rise in the Crude price. US crude oil reserve went down by 2.8 million barrels, settling at 360.5 barrels. This is the second decrease in two weeks.

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