Saturday, 7 March , 2020     |     811      |      +      |     

Kuwait’s crude oil down to $52.08 pb on Thursday

Kuwait’s crude oil down to $52.08 pb on Thursday : Google
  • Business

The price of Kuwait’s crude oil fell by 17 cents to $52.08 per barrel (pb) on Thursday, 5 March, compared to $52.25 pb on Wednesday, the Kuwait Petroleum Corporation (KPC) said.

Rising concerns over the spread of the new coronavirus (COVID-19) have weighed on the global oil prices as investors sell high-risk assets such as crude oil and stocks and resort to safe-havens, according to Kuwait News Agency (KUNA).

Brent crude oil fell by $1.4 or 2.2% to $49.99 a barrel although the OPEC countries agreed on Thursday to cut an additional 1.5 million barrels per day (bpd) until 30 June 2020.

Kuwait Today Business Subscription

Category: #Business | 2020/03/07 latest update at 2:00 PM
Source : Internet | Photocredit : Google
Comments Add comment

Latest Comments

  LinkedIn Gulf Media

Sponsored Publications

Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.

Latest searches in Kuwait Today