Kuwait oil price up 93 cents to USD 39.87 pb

KUWAIT, Aug 9 (KUNA) -- The price of Kuwaiti crude oil went up 93 cents to USD 39.87 per barrel Monday as oppose to USD 38.94 pb Friday, said Kuwait Petroleum Corporation (KPC) Tuesday.
At the global level, the crude oil price was up Monday due to an OPEC report which called for curbing down production; however, experts warned that the true causes for the decrease were still present.
The future contracts for the West Texas crude were at USD 42.78 pb yesterday, a 98- cent-increase. The Brent crude was also up 90 cents to USD 45.17 pb yesterday. (end) mam.gta