LOC09:07
06:07 GMT
KUWAIT, June 5 (KUNA) -- Price of the Kuwaiti crude oil dropped 94 cents to settle at USD 33.65 per barrel in Thursday's trades against USD 34.59 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said on Friday.
In international markets, trades of the North Sea Brent Crude Oil ended, yesterday (Thursday), with 20 cents gain, settling at USD 39.99 pb.
Meanwhile, the West Texas Intermediate crude oil wrapped up deals, rising by 12 cents, settling at USD 37.41 a barrel.
Although the crude oil rate shed 94 cents in latest trades, the price remained well above the USD 30 pb ceiling after turning noticeably bearish amid peak of the the coronavirus outbreak.
On June 2nd, the Kuwaiti crude price began a bullish tendency crossing the USD 30 pb level by more than three points; as compared to the drastic slump in April when it dropped as low as approximately USD 12 pb, amid climax of the pandemic.
Coronavirus had paralyzed various sectors, worldwide, namely transports and industries that depend heavily on fossil fuel. The prices started turning up as nations began easing constraints. (end)
km.rk