Kuwaiti oil price up by 94 cents to USD 68.04


(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, March 15 (KUNA) -- The price of Kuwaiti oil increased by 94 cents to USD 68.04 per barrel on Thursday compared to USD 67.10 pb the day before, Kuwait Petroleum Corporation (KPC) announced Friday.

On global markets, oil prices remain stable at their highest levels as a result of supplies cuts by the Organization of Petroleum Exporting Countries (OPEC).

Meanwhile, the price of the Brent crude decreased by 32 cents to USD 67.23 per barrel, while the West Texas Intermediate rose by 35 cents to USD 58.61 pb. (end) ad.ysa.ma

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