News Column

Kuwaiti crude down to USD 107.38 pb

July 2, 2014

Kuwaiti crude oil

KUWAIT, July 1 (KUNA) -- The price of Kuwaiti crude oil fell 36 cents to trade for USD 107.38 per barrel (pb) on Monday, compared to last Friday's price of USD 107.74 pb, said Kuwait Petroleum Corporation on Tuesday.

The global oil market saw BRENT benchmark crude slip to its lowest in 18 days, and the USD crude also lost ground, amid anxious investors over a possible disruption of supply from Iraq.

BRENT crude sold for USD 112.36 pb in London, while the US crude shed 37 cents in New York to sell for USD 105.37 pb.(end) asj.tb.wsa

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Source: Kuwait News Agency

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