Price of Kuwaiti crude oil dropped 55 cent settling at USD 102.74 per barrel (pb) on Tuesday compared to USD 103.29 pb the day before, Kuwait Petroleum Corporation (KPC) said in a statement on Wednesday. In the London Stock Exchange, the Brent crude contracts for December delivery settled at USD 106.23 per barrel. Meanwhile at New York Mercantile Exchange (NYMEX), crude price settled at USD 94.62 pb.