Price of Kuwait crude oil lost USD 1.49 cents, dropping to USD 107.38 per barrel on Wednesday compared with USD 108.87 pb last Tuesday, Kuwait Petroleum Corporation (KPC) said on Friday. Increase in production of the OPEC member states and global fear over the United States upcoming financial policies contributed to the decline. Washington is bracing for a prolonged stand-off in the 'sequester' crisis as both parties, Republican and Democrat, neglect to seek out last-minute deal. The US sequester; general cut in government spending, is supposed to include major cuts on defense.
GMT 18:55 2018 Friday ,14 December
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OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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