Kuwaiti oil price down US1.27 to US24.06 per barrel


(MENAFN- Emirates News Agency (WAM))

KUWAIT 12th January 2016 (WAM) -- The price of Kuwaiti oil went down by US$1.27 Monday to settle at $24.06 per barrel after being at $25.33 last Friday said a statement by Kuwait Petroleum Corporation KPC Tuesday.

According to Kuwait News Agency KUNA on the world market the price of oil went down sharply with the forecast expecting the price to go further down due to the fumbling performance of the Chinese market. The price of Brent mix went down by US$2.00 to settle at US$31.55 pb.


WAM/Esraa/Moran


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Newsletter