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Kuwait oil price down 91 cents to USD 21.20 pb

KUWAIT, April 8: Price of Kuwaiti crude oil went down 91 cents to USD 21.20 per barrel (pb) in Tuesday’s trades against USD 22.11 pb on Monday, Kuwait Petroleum Corporation (KPC) said Wednesday.

In global markets, the crude rates dropped yesterday due to excessive crude supplies and low demands, including the repercussions of coronavirus.
Meanwhile, Brent blend crude concluded contracts, dropping USD 1.18 to settle at USD 31.87 pb.

Price of the American Intermediate West Texas crude moved down on yesterday by USD 2.45 pb, settling at USD 23.63 pb.(KUNA)

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