Kuwait oil price rises $3.61 to $118.18 pb

Price of the Kuwaiti crude oil climbed by US$3.61 to US$118.18 per barrel (pb) Thursday from US$114.57 pb the day before (Wednesday), Kuwait Petroleum Corporation (KPC) said on Friday.

According to the Kuwait News Agency (KUNA), Brent crude futures dropped by $2.57 to $119.03 pb and West Texas Intermediate moved down by $2.59 to each $112.34 pb.

Source: Emirates News Agency