KUWAIT, 10th March, 2016 (WAM) — The price of Kuwaiti oil went down on Wednesday by 18 cents to settle at US$32.84 per barrel compared to US$33.02 per barrel the day before, said Kuwait Petroleum Corporation, KPC, on Thursday morning.

In the world market, oil prices rose as a US government agency report showed gasoline inventories dropping more than expected, according to Kuwait News Agency, KUNA. Brent crude increased US$1.42 to close at US$41.07 a barrel. US crude oil moved up US$1.79 to settle at US$38.29 a barrel.

WAM/Moran