Kuwait - KUNA
Price of the Kuwaiti crude oil dropped USD 1.17 to USD 104.13 per barrel on Friday compared to USD 105.30 pb on Thursday, Kuwait Petroleum Corporation said in a statement on Saturday. Price of the Kuwaiti crude has been on a downward track since several days ago. Likewise, the price of the oil on the international market has been bearish, as a result of lingering European economic problems and heated debates and differences in the United States regarding the budget and the forecast \"fiscal cliff.\" According to economic reports, prices of forward deals of the American crude dropped in the end of the past week, and turned bullish early on Friday. The leap came after an official report showed hike of jobs in non-agricultural sectors.