Kuwait oil price up 94 cents to USD 49.54 pb

KUWAIT, Dec 10 (KUNA) -- The price of Kuwaiti oil was up 94 cents to USD 49.54 per barrel on Friday after being at USD 48.60 pb the day before, said Kuwait Petroleum Corporation on Saturday.
At the global level, the price of oil was up by one percent on hopes that the Saturday meeting for OPEC countries and non-member states in Vienna would finalize an agreement on reducing production by the beginning of 2017.
The price of the Brent crude was up by 44 cents to USD 54.33 per barrel, the same case with the price of the American curde which was up by 66 cents to USD 51.50 pb. (end) osj.gta