The price of the Kuwaiti crude oil dropped USD 2.39, reaching USD 38.90 per barrel on Tuesday, compared to USD 41.29 per barrel on Monday, said the Kuwait Petroleum Corporation (KPC) on Wednesday.
The oil price continued its downturn on international markets, with the future contracts hitting its the lowest rate in six years.
The price of Brent crude for February delivery slumped by USD 0.84 to stand at USD 46.59.
Meanwhile, the price of the light American crude for February delivery declined by USD 0.18 to USD 45.89.