Kuwait oil price down 94 cents to USD 40.97 pb
Date
7/20/2016 4:37:45 AM
(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, July 20 (KUNA) -- The price of Kuwaiti oil went down 94 cents Tuesday to reach USD 40.97 per barrel as oppose to USD 41.91 pb Monday, said a statement by Kuwait Petroleum Corporation (KPC) Wednesday.
At the world market yesterday, oil prices extended their decline as U.S. crude stockpiles fell by 2.3 million barrels last week, trade group American Petroleum Institute (API) reported.
For distillate inventories including diesel, API reported a surprise draw of 484.000 barrels. It also said there was an unexpected gasoline build of 805.000 barrels.(end).
mam.haq
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.