Kuwait oil price down to $77.62 pb

Price of Kuwaiti oil dropped US$1.50 to settle on US$77.62 per barrel on Wednesday compared to US$79.12 pb on Tuesday, Kuwait Petroleum Corporation (KPC) said on Thursday. According to the Kuwait News Agency (KUNA), the global price of Brent crude dropped by 60 cents to $78.58 pb, while West Texas Intermediate crude fell by 33 cents to $73.24 pb. Source: Emirates News Agency