Price of Kuwait crude oil per barrel went down by USD 1.97 to USD 75.45 pb Tuesday compared to USD 77.24 last Monday, said Kuwait Petroleum Corporation (KPC) on Wednesday.
On the global market, the Brent blend future contracts went down yesterday to its lowest price in four years due to the rise of the value of the US dollar and the retreat in Libyan oil production In New York Mercantile Exchange (NYMEX), American light crude went down USD 0.54, settling at USD 77.94 pb.