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Kuwaiti oil price up 26 cents to stand at USD 58.80 per barrel

Kuwaiti oil price up 26 cents to stand at USD 58.80 per barrel
KUWAIT, Nov 17 (KUNA) -- The price of Kuwaiti crude oil went up 26 cents and settled at USD 58.80 per barrel, compared to USD 58.54 per barrel since last Wednesday, said Kuwait Petroleum Corporation (KPC) on Friday.
In world markets, oil prices were down after increase concerns over growth of US oil crude production, which despite expectation of extending the agreed upon reduction to supplies.
Oil crude price Brent mixed was down 51 cents to stand at USD 61.36 while the US crude Western Texas oil was also down 19 cents and settled at USD 55.14 per barrel. (end) asj.mb