A barrel of Kuwaiti oil falls to $79.80

The price of a barrel of Kuwaiti oil fell by 93 cents to reach $79.80 per barrel in trading Friday, compared to $80.73 in trading the day before yesterday, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures rose $1.17 to reach $78.76 per barrel, while US West Texas Intermediate crude futures rose $1.62 to reach $73.81, reports Al-Qabas daily.