News Column

Kuwaiti crude up 82 cents to USD 108.20 pb

July 3, 2014

Kuwait Petroleum Corporation

KUWAIT, July 2 (KUNA) -- The price of Kuwaiti crude oil was up 82 cents to trade for USD 108.20 per barrel (pb) on Tuesday, compared to last Sunday's price of USD 107.38 pb, said Kuwait Petroleum Corporation on Wednesday.

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)

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Source: Kuwait News Agency

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