Kuwaiti oil price up 64 cents, settles at USD 59.10 pb

KUWAIT, Dec 15 (KUNA) -- The price of Kuwait's crude oil went up 64 cents to stand at USD 59.10 per barrel (pb) on Friday compared to USD 58.46 pb the day before, said Kuwait Petroleum Corporation (KPC).
In global markets, oil prices went down amid concerns over slow economic growth in China, in addition to investors gaining profits of around 2 percent in the last session.
Meanwhile, Brent Blend was down 37 cents to settle at USD 61.08 pb, as well as the American crude, which declined 16 cents to settle at USD 52.42 pb. (end) ad.mb