Kuwait crude oil price down to US$60.33 per barrel

KUWAIT: The price of Kuwait crude oil per barrel went down US$0.34 to settle at $60.33 pb in Wednesday’s trading compared to $60.67 pb on Monday, Kuwait Petroleum Corporation, KPC, said today.

Kuwait News Agency, KUNA, said that the global oil price was affected by OPEC’s announcement yesterday that expectations for the demand for oil in 2015 might decrease by 300,000 barrels per day to reached 28.9 million bpd.

SOURCE: WAM