Kuwaiti oil price down 16 cents to US$53.69 pb

The price of Kuwaiti crude oil went down Monday 16 cents to US$53.69 per barrel compared to US$54.85 per barrel last Friday, said Kuwait Petroleum Corporation on Tuesday.

According to Kuwait News Agency, oil crude price Brent mixed was down by 67 cents to US$56.12, while the US crude oil Western Texas down by US$1.09 to settle at US$50.58 per barrel.