Al Kuwaitiah  

Wednesday, May 27, 2020

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Kuwait oil price drops to USD 34.62 pb
Kuwait oil price dropped USD 1.87 reaching USD 36.62 per barrel on Monday against USD 36.49 pb on Friday, Kuwait Petroleum Corporation (KPC) said on Tuesday.
 
In international markets, the crude rates on Monday moved down after major producers, at a meeting in Doha, failed to agree on freezing output.
 
Brent Blend on Monday dropped 19 cents settling at USD 42.91 pb. US crude oil also dropped, shedding 58 cents and settling at USD 39.78 pb. 
 
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