The price of Kuwaiti oil barrel dropped USD 2.99 on Wednesday, reaching USD 90.98 compared to USD 93.97 per barrel on Tuesday, said Kuwait Petroleum Corporation (KPC) on Thursday.
Oil prices continued dropping in international markets in the last three months, in accordance with weak economic reports from China and Europe, and in time with reduction in the price of Brent crude.
Brent's price dropped 51 cents upon settlement yesterday, reaching USD 94.16 pb, which is the lowest point since June 2012. Meanwhile, the US crude oil went down by 43 cents upon settlement, reaching USD 90.73 pb.