Kuwait Oil Price Down $1.14 to $71.14

The Kuwaiti oil price fell $1.14 to $71.14 per barrel on Tuesday, compared with $72.28 pb on Monday, Kuwait Petroleum Corporation (KPC) said on Wednesday. Globally, Brent crude went down by 30 cents to $71.12 pb, and West Texas Intermediate crude fell by 17 cents to $67.21 pb, Kuwait News Agency (KUNA) reported. The American Petroleum Institute (API) said on Tuesday that crude oil inventories in the United States declined by 573,000 barrels for the week ending Oct. 25. Source: Qatar News Agency