KUWAIT, July 12 (KUNA) -- The price of Kuwaiti crude oil went up USD 2.02 to USD 67.71 per barrel Thursday after being at USD 65.69 pb the day before, said the Kuwait Petroleum Corporation (KPC) Friday.
in the global markets, oil prices fell yesterday after OPEC cut its forecast for crude demand for next year, revealed in a monthly report that the world will need 29.27 million barrels per day of crude from its 14 members next year, down by 1.34 million barrels per day this year.
Brent Blend crude went down by 49 cents to reach USD 66.52 pb, same as the West Texas Intermediate, which went down by 23 cents to reach USD 60.20 pb. (end) osj.gaa