LOC09:06
06:06 GMT
KUWAIT, Aug 17 (KUNA) -- The price of the Kuwaiti oil went up 24 cents to reach USD 47.65 per barrel (pb) Wednesday compared with USD 47.41 pb on Tuesday, said Kuwait Petroleum Corporation (KPC) Thursday.
At the global level, the prices also went up due to decline in US crude reserve, yet surplus abundance is still harnessing markets, with the price of the West Texas Intermediate's future contracts up by 27 cents to settle at USD 47.82 pb.
The Brent Crude's future contracts also went up 34 cents to reach USD 51.14 pb. (end)
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