Kuwait oil price rises to $71.67 pb

emirates7 - The price of Kuwaiti oil went up by 34 cents to US$71.67 per barrel (pb) on Tuesday, compared to US$71.33 pb the day before, said the Kuwait Petroleum Corporation on Wednesday.

On global markets, the prices of Brent Crude and West Texas Intermediate dropped by US$1.58 and $1.55 respectively, settling at $67.22 per barrel and $63.25 per barrel, according to the Kuwait News Agency.