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KUWAIT - JANUARY 15: The sun sets behind a oil derek January 15, 2003 near the Saudi Arabian border, Kuwait. Kuwait produces 10% of the worlds oil and has promised to increase production as needed in the event of a war in Iraq. (Photo by Joe Raedle/Getty Images). Image used for illustrative purpose.
KUWAIT: The price of Kuwaiti oil went up by 15 cents to USD 78.58 per barrel on Wednesday as opposed to USD 78.43 pb the day before, said the Kuwait Petroleum Corporation (KPC) on Thursday.
At the global markets, the prices of the Brent crude and West Texas Intermediate went up each by 46 and 51 cents to settle respectively at USD 74.95 per barrel and USD 71.71 pb.
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