The price of Kuwaiti oil went down by 65 cents to US$112.43 per barrel (pb) on Monday as opposed to US$113.08 pb last Friday, said the Kuwait Petroleum Corporation (KPC) Tuesday.
According to the Kuwait News Agency (KUNA), the Brent crude dropped by $5.77 to settle at $106.90 pb, the same case with the West Texas Intermediate, which slipped by $6.32 to $103.01 pb.
Source: Emirates News Agency