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Kuwait oil price up 56 cents to USD 59.04 pb

Kuwait oil price up to USD 59.04 pb
Kuwait oil price up to USD 59.04 pb
KUWAIT, Feb 21 (KUNA) -- Kuwait oil price rose 56 cents to settle at USD 59.04 pb on Thursday, compared to USD 58.48 pb the day before, Kuwait Petroleum Corporation (KPC) said on Friday.
In the global markets, the crude oil rates went down one percent due to the impact of coronavirus, with major crude producers decision not to rush cutting production to support the market Meanwhile, the price of the Brent crude went down 64 cents to settle at USD 58.67 pb, the same case with the West Texas Intermediate contracts, which went down 54 cents to settle at USD 53.34 pb.(end) km.nhq