Kuwaiti oil price down $1.99

The price of Kuwaiti oil went down by US$1.99 to settle at US$60.50 per barrel Thursday, compared to US$62.49 per barrel the day before, said Kuwait Petroleum Corporation Friday.

According to the Kuwait News Agency, KUNA, the price of the Brent crude went up by 17 cents to settle at US$64.90 per barrel, and the American crude went up by 13 cents to US$61.77 pb.