Kuwait oil price up 42 cents to USD 48.69 pb

KUWAIT, Aug 25 (KUNA) -- The price of Kuwaiti oil was up by 42 cents to reach USD 48.69 per barrel Thursday after being at USD 48.27 the day before, said Kuwait Petroleum Corporation (KPC) Friday.
At the global level, the price of the American crude went down by two percent Thursday due to the threat posed by Hurricane Harvey against energy facilities located in the Gulf of Mexico.
The price of the West Texas Intermediate's contracts for September delivery went down by 98 cents to settle at USD 47.43 per barrel, the same case with the Brent crude's contracts for October delivery, which went down by 53 cents to USD 52.04 pb. (end) aam.gta