Kuwait announces slight drop in oil price; prices hit $83
OIL AND GAS NEWS
Kuwait Petroleum Corporation has announced that the Kuwait oil price dropped by 89 cents, reaching $83.03 per barrel on Friday compared to $83.92 per barrel the day before, reported Kuwait News Agency (KUNA).
Meanwhile, in international markets, the forward Brent crude contracts increased by 56 cents to settle at $81.66 per barrel, while the rate of identical transactions for West Texas Intermediate crude rose by 50 cents, settling at $77.87 per barrel, it added.
