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Kuwaiti oil price down 72 cents to USD 46.93 pb

Kuwaiti oil price down 72 cents to USD 46.93 pb
KUWAIT, Aug 18 (KUNA) -- The price of the Kuwaiti oil dropped by 72 cents to settle at USD 46.93 per barrel (pb) Thursday compared with USD 47.65 pb on Wednesday, said Kuwait Petroleum Corporation (KPC) Friday.
At the global level, the prices were fluctuating yesterday as data showed a drop in US crude stocks by 13 percent.
The price of the West Texas Intermediate went down by five cents to settle at USD 46.73 per barrel, while the Brent Crude was stable at USD 50.27 pb. (end) mam.ha