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Kuwait oil price down to USD 68.91 pb

Kuwait oil price down to USD 68.91 pb
KUWAIT, April 26 (KUNA) -- The price of Kuwaiti oil went down by 81 cents to USD 68.91 per barrel Wednesday as oppose to USD 69.72 pb the day before, said the Kuwait Petroleum Corporation (KPC) Thursday.
At the global level, the price went up due to the geopolitical tension from the possibility of imposing new sanctions against Iran and the increase of Venezuelan oil output. Data showing the increase of US oil reserves also played part in the price increase.
The price of the Brent crude went up by 14 cents to USD 74, the same case with the West Texas Intermediate, which went up by 35 cents to USD 68.05 pb. (end) gta