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Kuwait oil price drops $7.75 to $71.93 per barrel

Price of Kuwaiti crude oil dropped by US $7.75 to reach 71.93 per barrel in Wednesday’s trading, compared with US $79.50 per barrel the day before, Kuwait Petroleum Corporation (KPC) said on Thursday.

In global markets, Brent crude fell US $1.45 to reach US $71.57 per barrel, while US West Texas Intermediate declined 92 cents to US $68.58 per barrel.

— KUNA




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