Kuwait oil up $0.39

Kuwait - Mubasher: The price of Kuwait oil barrel increased by 39 cents, the Kuwait Petroleum Corporation (KPC) said on Saturday.

Kuwaiti crude reached $51.16 per barrel (pb) on Friday compared to $50.77 pb on Thursday, Kuwait News Agency (KUNA) reported.

International markets also saw a hike in oil prices after demand grew in China with uncertainties growing over a comeback for American production, especially after the recent OPEC agreement, according to KUNA.

Mubasher Contribution Time: 14-Jan-2017 15:44 (GMT)
Mubasher Last Update Time: 14-Jan-2017 15:44 (GMT)