Kuwaiti crude oil price is set at USD 103.69

KUWAIT, April 22 (KUNA) -- The price of Kuwaiti crude oil dipped USD 0.06 to reach USD 103.69 in yesterday's transactions, Kuwait Petroleum Corporation (KPC) said in a statement Tuesday.
Oil markets have been jittery of late due to the possibility that the EU and the US might impose further sanctions on Russia which is a party to the Ukrainian political crisis. Such a move might curtail Russian oil and gas supplies to major oil markets, especially the European one. This indubitably will affect the international oil price adversely.(end) mgb.ajs