KUWAIT, May 26 (KUNA) -- The price of Kuwaiti oil came down 67 cents to USD 50.30 per barrel (pb) on Thursday, after being at USD 50.97 pb Wednesday, said Kuwait Petroleum Corporation (KPC) Friday.
Prices in international markets lost some five percent yesterday after OPEC's meeting in Vienna
The meeting agreed on extending the production cut agreement; taken last January, for another nine months in a bid to balance market and decrease offer. (end) osj.hb