KUWAIT OIL PRICE FALLS TO USD 35.92 PB

KUWAIT, Nov 17 (NNN-KUNA) – The price of Kuwaiti oil dropped USD 1.04 to USD 35.92 per barrel, in Monday’s trades, compared to USD 36.96 pb in the operations on Nov 13, Kuwait Petroleum Corporation (KPC) said, today (Tuesday).

US crude forwards continued incurring losses for the third session in a row, ebbing to the lowest level, since more than two months ago.

The bearish trend was affected with hike of the oil reserves, which caused the prices to fall 10 percent, since the start of this month.– NNN-KUNA