KUWAIT, May 5 (KUNA) -- Price of Kuwaiti crude oil dropped USD 2.74 to USD 111.85 per barrel in transactions on Friday, compared with USD 114.59 pb on Thursday, reported Kuwait Petroleum Corporation (KPC) on Saturday.

Meanwhile, prices of the crude oil on the international markets continued falling for the fourth consecutive day, in shadow of jitters over global economy, rise of the American reserves, new reports about hike of unemployment in the US and increase of output by OPEC.