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Kuwaiti oil price down 46 cents to USD 48.30 pb

Kuwaiti oil price down 46 cents to USD 48.30 pb
KUWAIT, Aug 23 (KUNA) -- The price of the Kuwaiti oil dropped by 46 cents to settle at USD 48.30 per barrel (pb) Tuesday compared with USD 48.76 pb last Monday, said Kuwait Petroleum Corporation (KPC) Wednesday.
At the global level, the price of the West Texas Intermediate's future contracts for September delivery went down by 91 cents to reach USD 47.64 per barrel, the same case for the Brent crude's future contracts for October delivery, which went down 58 cents to USD 51.87 pb. (end) mam.ha