Kuwaiti crude price down 94 cents to $ 108.19

Price of Kuwait's crude oil dropped 94 cents to USD 108.19 per barrel on Friday compared with 109.13 pb on Thursday, Kuwait Petroleum Corporation (KPC) said on Saturday. Fall of the prices of the crude was result of jitters resulting from status of the global economy and anticipation regarding prospected re-operation of the Canadian oil pipeline to the United States, as scheduled. Meanwhile future contracts for the Brent dropped two percent, on Friday, and the price of this crude, for the December delivery, fell USD 2.28 pb, settling at USD 110.14 pb. Throughout the week, the Brent dropped USD 4.28 pb. Forward contracts for the American crude decreased more than two percent, on Friday, and the light American crude for the November delivery fell USD 2. 05 settling at USD 90.05 pb. Throughout the whole week, the price of the American crude dropped USD 1.81.