Kuwait oil price down 98 cents to USD 62.49 pb

KUWAIT, March 1 (KUNA) -- The price of Kuwaiti oil went down by 98 cents to USD 62.49 per barrel Wednesday as oppose to USD 63.47 pb the day before, said the Kuwait Petroleum Corporation (KPC) Thursday.
At the global level, the price of oil went down due to statistics showing an increase in US crude reserves.
The price of the Brent crude was down by 22 cents to USD 66.31 per barrel, the same case with the American crude price, which went down by 28 cents to USD 62.73 pb. (end) mam.gta