Arab Today, arab today kuwaiti crude dips 42 cents to 10482 per barrel
Last Updated : GMT 12:49:27
Arab Today, arab today
Arab Today, arab today

Kuwaiti crude dips 42 cents to $104.82 per barrel

Arab Today, arab today

Arab Today, arab today Kuwaiti crude dips 42 cents to $104.82 per barrel

Kuwait - KUNA

Price of Kuwaiti crude oil lost 42 cents in Tuesday trade to settle at an average USD 104.82 per barrel (pb), compared to USD 105.24 the day before, said Kuwait Petroleum Corporation on Wednesday. The New York exchange saw falls in oil prices following release of worse than expected data on the US real estate sector. The bi-annual testimony of Federal Reserve President Ben Bernanke before Congress last week on monetary policy following recovery in the US dollar\'s appeal among investors also influenced prices, as the US remains the world\'s top energy consumer. Crude oil rated around USD 107.29 pb in New York yesterday, touching a peak of USD 108.58 pb and hitting a low point of USD 106.94 pb.  

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