KPC: Kuwait Oil Price Up 48 Cents To USD 74.32 Pb


(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Oct 1 (KUNA) -- Kuwait crude oil edged 48 cents higher in Monday's trading to reach USD 74.32 per barrel compared with USD 73.84 pb last Friday, Kuwait petroleum Corporation (KPC) said Tuesday.
Benchmark brent futures for November dropped 21 cents to USD 71.77 pb while Brent futures for December gained 27 cents to 71.81 pb. West Texas Intermediate dropped one cent to USD 68.71 pb.
Oil markets lost 17 percent in value in the third quarter due to geopolitical tension in the Middle East and its possible impacts on oil supplies.
Brent lost 3.7 percent last week and WTA declined by five percent. (end)
aam





MENAFN01102024000071011013ID1108732695


Kuwait News Agency (KUNA)

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.