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Kuwait oil price down USD 33 cents to USD 50.28 pb

Kuwait oil price down USD 33 cents to USD 50.28 pb
KUWAIT, May 24 (KUNA) -- The price of Kuwaiti oil was down 33 cents to USD 50.28 per barrel (pb) on Tuesday, after being at USD 50.61 pb on Monday, said Kuwait Petroleum Corporation (KPC) Wednesday.
The anticipated OPEC-non-OPEC meeting tomorrow (Thursday) in Vienna is expected to have an effect on oil price worldwide, as it's likely to agree on extending the production cut agreement ; taken last January, for another six months in a bid to balance market and decrease offer. (end) osj.hb