KUWAIT, Oct 29 (KUNA) -- Price of Kuwaiti oil dropped USD 1.67 to settle on USD 72.28 per barrel on Monday compared to USD 73.95 pb on Friday, Kuwait Petroleum Corporation (KPC) said on Tuesday.
Globally, price of Brent crude dropped by USD 4.63 to USD 71.42 pb, while West Texas Intermediate crude fell by USD 4.4 to USD 67.38 pb. The decline of both crudes followed reports of tension increasing in the Middle East region connected with strikes that targeted military Iran. (end) km.ahm