Kuwaiti Barrel Price Drops To $113.08

Kuwait Petroleum Corporation price announcements indicate that the price of a barrel of Kuwaiti oil for Friday trading was $113.08, a $4.81 drop from the previous day's price of $117.89.

In global markets, oil futures for Brent crude settled at $112.67 a barrel, while US West Texas Intermediate crude settled at $109.33 a barrel, according to a local Arabic daily.

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