Kuwaiti oil price up 23 cents to $48.46/barrel

KUWAIT CITY

The price of Kuwaiti oil was up by 23 cents to US$48.46 per barrel on Monday as oppose to US$48.23 per barrel last Friday, said Kuwait Petroleum Corporation on Tuesday.

According to Kuwait News Agency, the price of the West Texas Intermediate went down by 91 cents to settle at US$47.91 per barrel, the same case with the Brent Crude, which went down by US$1.05 to US$51.05 per barrel.