The price of Kuwaiti crude oil was down 13 cents on Tuesday to trade for USD 103.70 pb compared to USD 103.83 pb the day before, said Kuwait Petroleum Corporation (KPC) on Wednesday.
Oil prices have been on the decline since the beginning of this week amidst anticipation of the publication of the US Federal Reserve Bank's semiannual report that will be presented and discussed at the by the US Senate. The report will outline the Bank's future monetary policies for the upcoming period.
US crude oil price recorded the highest at USD 100.92 pb, and the lowest at USD 100.24 pb.