Kuwait oil price drops US$1.46 to US$85.74 pb

The price of Kuwaiti crude oil fell by US$1.46 to US$85.74 per barrel on Thursday, compared to US$87.20 pb the day before, said the Kuwait Petroleum Corporation (KPC) on Friday. According to Kuwait News Agency (KUNA), the Brent crude and West Texas Intermediate in the global markets went down each by 68 cents and 75 cents to settle at $81.28 per barrel and $76.35 per barrel respectively. Source: Emirates News Agency