LOC09:14
06:14 GMT
Kuwait oil price
KUWAIT, Oct 13 (KUNA) -- Kuwait oil price dropped USD 1.06 to USD 46.56 per barrel in Monday's trades from USD 47.62 pb on Friday, according to Kuwait Petroleum Corporation (KPC).
In international oil markets, crude prices fell on Monday by five percent amid reports stating that OPEC continued hiking output after traders generated profits, following last week's prices' rise -- the highest since 11 weeks ago.
Brent crudes dropped USD 2.79 reaching USD 49.86 pb. The American crude also went down by USD 2.53, settling at USD 47.10 pb. (end
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