Kuwaiti crude oil drops $6.12 to $120.18

The price of a barrel of Kuwaiti crude oil fell by $6.12 to reach $120.18 per barrel in Thursday’s trading, down from $126.30 in Wednesday’s trading, according to the price announced by the Kuwait Petroleum Corporation. In global markets, Brent crude futures dropped by $1.01 to $104.82 per barrel, while U.S. West Texas Intermediate (WTI) crude futures fell by 0.52 cents to $101.91 per barrel.