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KUWAIT - JANUARY 15: Oil rig workers work on the ChevronTexaco drilling platform 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)
The price of Kuwaiti oil went down by USD 1.60 to USD 84.71 per barrel on Thursday as opposed to USD 86.31 pb the day before, said the Kuwait Petroleum Corporation (KPC) on Friday.
The Brent crude and West Texas Intermediate in the global markets fell each by USD 3.76 and USD 3.76 to settle at USD 77.42 per barrel and USD 72.90 per barrel respectively. (end) km.mt
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