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Kuwaiti oil barrel drops USD 2.47 to USD 44.86

Kuwaiti oil barrel
Kuwaiti oil barrel
KUWAIT, Sept 3 (KUNA) -- The price of Kuwaiti oil barrel plunged USD 2.76 to USD 44.86 on Wednesday, compared to USD 47.62 on Tuesday, said Kuwait Petroleum Corporation (KPC) on Thursday.
Prices had risen in international oil markets yesterday backed by the gains made by the US stock markets.
Brent crude contracts rose by USD 1 to USD 50.56 per barrel, while the US crude oil contracts climbed by USD 1.36 to USD 46.77 pb. (end) asj.ibi