Price of Kuwaiti crude dropped 54 cents to USD 120.58 per barrel in Wednesday\'s trading as compared to USD 121.12 pb on Tuesday, the state-run Kuwait Petroleum Corporation (KPC) said on Thursday. The price of the national crude oil slightly dropped, on Wednesday, despite rise of the rates on the international markets, due to a stable dollar and hike of the US crude reserves, last week. Upbeat atmosphere was also strengthened with reports about forecast ability of Greece to pay its debts and avert bankruptcy. The prices of oil have not been stable due to various geopolitical events, the Iranian nuclear file and noticeable activity by speculators, seeking to capitalize on these conditions.