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Kuwait oil price down to USD 50.42 pb

Kuwaiti crude oil
Kuwaiti crude oil
KUWAIT, Aug 1 (KUNA) -- Kuwait oil price went down by 77 cents to USD 50.42 per barrel on Friday from USD 51.19 pb the day before, Kuwait Petroleum Corporation (KPC) said on Saturday.
Last month, the price of American crude went down by 20 percent, the biggest monthly loss for this brand since July 2008 which then saw the price plummet by 18 percent. (end) mke.tb.gta