LOC10:45
07:45 GMT
The price of Kuwaiti oil
KUWAIT, March 24 (KUNA) -- The price of Kuwaiti oil went up by USD 12 cents to USD 47.45 per barrel Thursday after being at 48.33 pb the day before, said Kuwait Petroleum Corporation (KPC) Friday.
Globally, oil prices were down due to investors concerns regarding the OPEC-led bid to lower production due to minimize US crude oil reserves.
The price of the Brent crude was also up 8 cents to USD 50.56 per barrel, however the West Texas Intermediate was down 34 cents to USD 47.70 pb. (end)
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