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Kuwait oil price up 31 cents to USD 45.73 pb

Kuwait oil price up 31 cents to USD 45.73 pb
KUWAIT, Oct 28 (KUNA) -- The price of Kuwaiti oil went up by 31 cents to USD 45.73 per barrel Thursday after being at USD 45.42 pb the day before, said Kuwait Petroleum Corporation (KPC) Friday.
Meanwhile, the global price of oil closed on a rise yesterday due to GCC members of OPEC vowing to reduce their production.
The price of future contracts of the Brent crude went up by 49 cents to USD 50.47 per barrel, the same case with the West Texas Intermediate which went up by 54 cents to USD 49.72 pb (end) ht.gta