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Kuwaiti crude oil price down 47 cents to USD 28.80 pb

Kuwaiti crude oil price down 47 cents to USD 28.80 pb
Kuwaiti crude oil price down 47 cents to USD 28.80 pb
KUWAIT, Dec 29 (KUNA) -- The price of Kuwaiti crude oil went down 47 cents Monday to reach USD 28.80 per barrel in contrast to USD 29.27 pb on Thursday, said Kuwait Oil Corporation (KPC) Tuesday.
In the world market, the price of oil went down more than three percent due to investors' fears of the further retreat in the prices of crude in 2016.
The Brent mix went down USD 1.27 to USD 36.62 pb while the American crude was at USD 36.81 pb, a decrease by USD 1.29. (end) osj.gta