Kuwait Petroleum Corporation (KPC) said on Wednesday that the price of Kuwait's crude oil dropped USD 0.85 in Tuesday's trading to settle at USD 105.47 per barrel (pb) compared to USD 106.32 the day before.
Crude prices have kept slipping due to a general decline in the growth of global economy for various dominating factors.
The New York Mercantile Exchange, light sweet crude for delivery in December dropped 0.3 percent to settle at USD 88.28 per barrel at closing; in addition, the North Sea Brent crude oil futures prices for December delivery also declined USD 1.72 to settle at USD 107.72 per barrel.
