LOC11:06
08:06 GMT
KUWAIT, Dec 24 (KUNA) -- Kuwait oil price dropped 12 cents to USD 28.30 per barrel in Wednesday's trades as compared to 28.42 pb on Tuesday, Kuwait Petroleum Corporation (KPC) said on Thursday.
In international markets, crude prices climbed more than three percent, yesterday, buoyed by an unexpected decline of US crude reserves. US petroleum authorities revealed that the reserves fell by 5.9 million barrels, last week, against forecast rise by 1.1 million barrels.
Brent Blend rose USD 1.25 settling at USD 37.36 pb. American crude oil climbed USD 1.36 reaching USD 37.50 pb. (end)
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