Kuwaiti oil price down to US$70.92 pb

emirates7 - The price of Kuwaiti oil dropped by 61 cents to US$70.92 per barrel on Monday, compared to US$71.53 per barrel last Friday, according to the Kuwait Petroleum Corporation.

On global markets, the price of Brent crude fell by 11 cents to US$66.57 per barrel, while West Texas Intermediate declined by four cents to US$62.64 per barrel, according to the Kuwait News Agency (KUNA).