Jan 28 2012 |
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Kuwaiti crude down 29 cents in Friday trading -- KPC
KUWAIT, Jan 28 (KUNA) -- Kuwait Petroleum Corporation ( KPC ) said on Saturday that the price of Kuwaiti crude oil dropped 29 cents in Friday trading and settled at USD 110.98 per barrel, compared to USD 111.27 a barrel the day before. Oil prices are still in a state of "oscillation", but generally revolve above the USD 110 a barrel level, and at the time prices of some stock exchanges are recording a rise, prices of other stock exchanges are dwindling. Several factors affect the price of oil unevenly such as factors that support rising and lowering of prices other than the main factor (supply and demand), including concerns about the debt crisis in Europe, Iran's prominent nuclear file and threats to close the Strait of Hormuz. (end).Zawya Comment Policy
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