Kuwait oil price rises to USD 65.50 pb

Price of the Kuwaiti crude oil rose 64 cents to USD 65.50 per barrelin Thursday’s trades, compared to USD 64.86 pb in the Wednesday operations, Kuwait Petroleum Corporation (KPC) said on Friday.

In world’s markets, the mixed Brent contracts dropped and the American crude deals steadied, amid ongoing trade jitters between the United States and China, slowness in the Chinese and Indian economies and bullish US production.

The Brent contracts for the April delivery dropped 36 cents to settle at USD 66.03 pb. Likewise the May contracts fell 27 cents to settle at USD 66.31 pb.Contracts of the West Texas crude rose upon delivery by 28 cents reaching USD 57.22 pb.