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Kuwait oil price down one dollar to USD 44.42 pb

Kuwait oil price down one dollar to USD 44.42 pb
KUWAIT, Oct 27 (KUNA) -- Price of Kuwaiti oil went down one dollar to USD 45.42 per barrel on Wednesday after being at USD 46.42 pb the day before, said Kuwait Petroleum Corporation (KPC) on Thursday.
At the global level, the crude oil price decreased yesterday amid concerns OPEC might fail to slash output in November, despite decline of American reserves.
Rate of the Brent Crude went down 81 cents to USD 49.98 pb. The US West Texas crude also dropped, 78 cents, to USD 49.18 pb. (end) osj.rk