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Kuwait crude oil gains 20 cents to settle at USD 102.95 pb Thurs.

February 1, 2014

| KUWAIT , Jan 31 (KUNA) -- Kuwait crude oil rose 20 cents during Thursday's transactions to settle at USD 102.95 per barrel, Kuwait Petroleum Corporation (KPC) said Friday. Crude oil prices have risen following positive US statements which boosted confidence of investors over the economy of the world's largest oil consumer. The statements reported that US economy grew by 3.2 percent in the fourth quarter last year coupled with high consumer spending. The prices of crude oil increased despite appreciation of the US Dollar. (end) KUNA 312044 Jan 14NNNN All KUNA right are reserved

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Source: Kuwait News Agency

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