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Kuwait oil price down to USD 51.82 pb

KUWAIT, July 25 (KUNA) -- Price of Kuwaiti oil went down by 79 cents Friday to reach USD 51.82 per barrel compared to USD 52.61 pb Thursday, said Kuwait Petroleum Corporation (KPC) Saturday.
In the global market, the price for future Brent crude contracts and American crude went down after statistics showed that oil companies added 21 oil drilling platforms in the US.
Moreover, increase in output of shale oil in North America had led to rise of in oil and natural gas demand, resulting in decrease of crude prices. (end) mka.gta