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Kuwait oil price up 39 cents to USD 48.56 pb

Kuwait oil price up 39 cents to USD 48.56 pb
KUWAIT, April 27 (KUNA) -- The price of Kuwaiti oil went up by 39 cents to USD 48.56 per barrel Wednesday after being at USD 48.17 pb the day before, said Kuwait Petroleum Corporation (KPC) Thursday.
At the global level, the prices varied due to US statistics showing an unusual decrease in crude reserves, which encouraged investors to buy shares.
The price of the Brent crude went down by 21 cents to USD 51.82 pb while the West Texas Intermediate went up by six cents to USD 49.62 pb. (end) osj.gta