Kuwaiti oil up 62 cents to USD 70.53 pb

KUWAIT, Aug 14 (KUNA) -- The price of Kuwaiti oil went up 62 cents to reach USD 70.53 per barrel (pb) on Monday, compared to USD 69.91 pb last Friday, Kuwait Petroleum Corporation (KPC) announced Tuesday.
On the global scale, prices dropped after data indicating a rise in US stocks and fears of a decline for demand.
Brent Blend was down 20 cents to USD 72.61 pb, same did the West Texas Intermediate crude, which dropped 43 cents to USD 67.20. (end) osj.gaa