Price of Kuwaiti crude oil went down by USD 1.09 to USD 100.62 per barrel (pb) on Wednesday against USD 101.71 pb the day before, the Kuwait Petroleum Corporation (KPC) said on Thursday.
Oil prices fell in global markets after the issuance of the US Energy Agency report yesterday which showed a glut of crude oil at the United States the largets country in consumers of energy in about 4.1 million barrels.
US crude was traded at the New York bourse, yesterday, at USD 97.14 pb, while the Brent crudes stood at USD 104.12 pb.