KUWAIT, 9th July, 2016 (WAM) — The price of the Kuwaiti oil dropped by US$ 1.92 on Friday to 40.89 per barrel (pb), compared to US$ 42.81 pb on Thursday, the Kuwait Petroleum Corporation (KPC) said on Saturday.

According to Kuwait News Agency (KUNA), the crude prices recovered at the international markets after incurring losses in two months, due to reports of drop in the US crude reserves.