Kuwaiti Oil Price Goes Up 82 Cents to USD 51.61 pb

Kuwait, The price of Kuwaiti oil went up by 82 cents to USD 51.61 per barrel Wednesday as oppose to USD 50.79 pb the day before, said Kuwait Petroleum Corporation (KPC) Thursday.

Oil prices were higher yesterday amid signs that OPEC producers and non-OPEC countries, like Russia were keeping their commitment to cut output to boost prices despitea surplus in US oil, according to (KUNA) news agency.

The price of the Brent crude increased to USD 56.80 per barrel, the same case with the American crude which went up to USD 53.88 pb.

Source: Qatar News Agency