Kuwait Oil Price Stands At Usd 16.67 Pb

17 April 2020 Kuwait

Kuwait oil price settled at USD 16.67 a barrel on Thursday for the second consecutive day, Kuwait Petroleum Corporation said Friday.

In global markets, the oil prices varied yesterday, as Brent crude rose slightly, while US crude futures were closed unchanged at its lowest level in 18 years after some European countries said that they would ease the restrictions related to the outbreak of coronavirus while reducing (OPEC) forecasts global demand for oil. US West Texas Intermediate settled at USD 19.87.

 

SOURCE : TIMESKUWAIT

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