LOC09:06
06:06 GMT
KUWAIT, June 13 (KUNA) -- The price of Kuwaiti oil went down by USD 1.42 to USD 60.87 per barrel Wednesday after being at USD 62.29 pb the day before, said the Kuwait Petroleum Corporation (KPC) Thursday.
At the global level, the price went down by four percent Wednesday on the backdrop of the US crude reserves increase and low demand forecasts.
The price of the Brent crude went down by USD 2.32 to USD 59.97 per barrel, the same case with the price of the West Texas Intermediate, which went down by USD 2.13 to USD 50.72 per barrel. (end)
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