(MENAFN- Kuwait News Agency (KUNA)) Price of Kuwait crude oil was down 15 cents on Friday to USD 113.16 pb, compared with USD 113.31 pb the previous day, Kuwait Petroleum Corporation (KPC) said on Saturday.
The decline of oil prices, in general, is attributed to predominanet concerns regarding the European economy.
Various data show that the euro zone states got deeper into recession in the last quarter of the past year.
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