LOC11:55
08:55 GMT
KUWAIT, May 19 (KUNA) -- The price of Kuwaiti oil was up 54 cents to 48.90 per barrel (pb) on Thursday after being at USD 48.36 pb last Wednesday, said Kuwait Petroleum Corporation (KPC) Friday.
In global markets, the prices were stable at highest levels in two weeks on the backdrop of declining US crude reserve for the sixth consecutive week.
Meanwhile, the price of Brent crude was up 30 cents to USD 52.51 pb. (end)
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