LOC10:02
07:02 GMT
Kuwait oil price
KUWAIT, April 27 (KUNA) -- The price of Kuwaiti oil price went by 36 cents to USD 69.27 per barrel Thursday as oppose to Wednesday's USD 68.91 pb, said the Kuwait Petroleum Corporation (KPC) Friday.
At the global level, the price went up supported by the possibility of renewing US sanctions against Iran. The decrease in Venezuelan crude production and the increase in global demand also played part in the increase.
The price of the Brent crude went up by 74 cents to USD 74.74 per barrel, the same case with the West Texas Intermediate, which went up by 14 cents to USD 68.19 pb. (end)
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