Kuwait oil down to USD 24.33 pb
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KUWAIT, March 31 (KUNA) — Kuwait oil price went down USD 1.93 to settle at USD 24.33 a barrel on Monday, compared with USD 26.26 last Friday, Kuwait Petroleum Corporation said Tuesday.
In global markets, crude oil prices plunged at least 20 percent after major drop in demand due to the coronavirus pandemic.
The West Texas Intermediate was down USD 1.42, settling at USD 22.09 pb; the lowest since February 2002, while the Brent contracts were down USD 2.17 to settle at USD 33.76 pb; the lowest since November 2002.
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