Kuwaiti crude oil price falls to $120.18 per barrel

The price of Kuwaiti crude oil fell by $6.12 to reach $120.18 per barrel in Thursday’s trading, compared with $126.30 in Wednesday’s trading, according to prices 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 crude futures declined by 52 cents to $101.91.