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Kuwait oil price climbs

Kuwait oil price climbs
Kuwait oil price climbs
KUWAIT, May 30 (KUNA) -- Price of the Kuwaiti oil rose 68 cents to USD 58.51 per barrel on Friday, in contrast to USD 57.83 pb on Thursday, Kuwait Petroleum Corporation said on Saturday.
In the international markets, prices of forward crude deals dropped five percent, on Friday, in aftermath of US reserves' decline, for the fourth consecutive week, in addition to the USD firmness.
In the London bourse, the Brent crude price rose USD 2.98 to USD 65.56 pb, upon settlement. In the New York market, the US crude rose USD 2.26 to USD 60.30 pb. (end) osj.hb.rk