Kuwait oil price up 28 cents to USD 28.65 pb

KUWAIT, Jan 5 (KUNA) -- The price of Kuwaiti oil went up 28 cents to reach USD 28.65 per barrel Monday as oppose to USD 28.37 pb on Thursday, said Kuwait Oil Corporation (KPC) Tuesday.
At the world market, the price of crude oil went down Monday due to fears of slow global growth in addition to the retreat in major world stocks. The price of oil went up yesterday by four percent due to tension in the Middle East.
The price of the Brent mix went down six cents to settle at USD 37.22 per barrel, a similar case with the American crude which went down 28 cents to settle at USD 36.76 pb. (end) osj.gta