LOC11:17
08:17 GMT
KUWAIT, Nov 9 (KUNA) -- The price of Kuwait's crude oil went up 55 cents Thursday (last night) to stand at USD 70.61 per barrel (pb) compared to USD 70.06 pb last Wednesday, said Kuwait Petroleum Corporation (KPC) on Friday.
In global markets, oil prices have droped with investors focusing on execcessive supplies globally, with increased tension over unexpected increase to US reserves and OPEC production increase.
The price of the Brent Blend went down USD 1.42 to settle at USD 70.65 pb, as well as did the West Texas Intermediate, with a decline of USD one dollar to reach USD 60.67 pb. (end)
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