Kuwait oil price up 15 cents to USD 50.28 pb

KUWAIT, Jan 21 (KUNA) -- The price of Kuwaiti oil went up by 15 cents to USD 50.28 per barrel Friday as oppose to USD 50.13 pb the day before, said Kuwait Petroleum Corporation (KPC) Saturday.
At the global level, the price went up due to expectations that OPEC and Non-OPEC members will fulfill their deal to reduce their oil output despite news regarding the increase in US petroleum excavation activities.
The price of the Brent Crude went up by USD 1.33 to USD 55.49 per barrel, the same case with the American Crude which went up by USD 1.05 to USD 52.42 pb. (end) osj.gta