Kuwait oil price up USD 1.02 to USD 50.75 pb| MENAFN.COM

Wednesday, 01 February 2023 06:37 GMT

Kuwait oil price up USD 1.02 to USD 50.75 pb

(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Sept 7 (KUNA) -- The price of Kuwaiti oil went up by USD 1.02 to USD 50.75 per barrel Wednesday after being at USD 49.73 pb the day before, said Kuwait Petroleum Corporation (KPC) Thursday.

At the global level, the prices went up due to the re-opening of several US refineries after the conclusion of Hurricane Harvey, which led to optimism concerning the recovery global supplies.

The price of the Brent Crude was up by 82 cents to USD 54.20 per barrel, the same case with the West Texas Intermediate, which went up by 50 cents to USD 49.16 pb. (end) osj.gta


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.