Kuwait crude oil price down to USD 71.40 pd

KUWAIT, Nov 15 (KUNA) -- Price of Kuwait crude oil per barrel on Friday fell by USD 2.12 to USD 71.40 pb, compared to USD 73.52 a day before, said Kuwait Petroleum Corporation (KPC) on Saturday.
On the global market, the price for Brent Blend for January went up to USD 79.41 per barrel and that was due to purchasing operations after a week-long wave of losses which brought the oil price to its lowest since 2011. US crude price reached USD 75.82 per barrel, a price backed up by increasing demand for heating fuel to face the cold winter in America. (end) fnk.abd.gta