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Kuwait crude oil price down to USD 41.75 pd

Kuwait Petroleum Corporation
Kuwait Petroleum Corporation
KUWAIT, Jan 30 (KUNA) -- Price of Kuwait crude oil per barrel went down by USD 0.11 to stand at USD 41.75 pb in Thursday's trading compared to USD 41.86 on Wednesday, said Kuwait Petroleum Corporation (KPC) on Friday.
The price of oil slightly declined after US statistics showed a rise in US crude oil reserves that contributed to dropping prices of oil.
The US oil reserves rose last week to 8.9 million barrels; however they were expected to reach only 4.1 million barrels.
In New York Mercantile Exchange (NYMEX), crude oil was traded at USD 44.4 per barrel. (end) fnk.hm