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Friday , November 16 2018

Kuwait crude up 66 cents

The price of Kuwaiti crude oil was up by 66 cents Thursday to reach $43.04 per barrel after being at $42.38 pb the day before, said a statement by the Kuwait Petroleum Corporation (KPC) Friday.

At the world markets, the prices for future contracts of oil went up due to the current situation in Syria with Russia carrying out airstrikes there. The hike in prices was also attributed to a storm hitting oil facilities on the east coast of the United States.

The price for American crude went up by 49 cents to reach $45.23 per barrel, a similar case for the Brent mix which went up by 32 cents to reach $48.01 pb. (KUNA)

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