Kuwait oil price down 31 cents to USD 46.42 pb

KUWAIT, Oct 26 (KUNA) -- The price of Kuwaiti oil went down 31 cents to USD 46.42 per barrel Tuesday after being at USD 46.73 pb the day before, said Kuwait Petroleum Corporation (KPC) Wednesday.
At the global level, the price continued to decrease due to the rise of Iraqi oil production in October.
Iraq previously asked OPEC to exempt it from the organization's future plans to decrease or stabilize production.
The price of the Brent Crude went down 67 cents to USD 50.79 per barrel, the same case with the American crude which went down by 56 cents to USD 49.96 pb. (end) mam.gta