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Kuwaiti oil barrel drops to US 27.58 Monday
(MENAFN- Emirates News Agency (WAM))
KUWAIT 1st March 2016 (WAM) -- The price of Kuwaiti oil barrel dropped 47 cents reaching US$27.58 per barrel on Monday compared to US$28.05 pb on Friday as announced by Kuwait Petroleum Corporation KPC on Tuesday.
According to Kuwait News Agency KUNA oil prices rose by three percent in international markets yesterday affected by China's measures taken to improve its economy and the low production rate of crude oil at the Organisation of the Petroleum Exporting Countries and the US.
WAM/Esraa/Moran
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