KUWAIT, June 29 (KUNA) -- The price of Kuwaiti crude oil increased USD 1.80 to reach USD 101.15 per barrel (pb) on Tuesday, said Kuwait Petroleum Corporation on Wednesday.
The crude was trading at USD 99.35 pb on Monday, therefore, recording the first increase since the announcement of the IEA last Thursday of distributing 60 million barrels of its reserves in the market.
Kuwaiti crude had recorded continuous decrease since last Friday, worth USD 3.60 in comparison to last Thursday which recorded USD 104.65 per barrel.
International oil prices have also dropped since the IEA announcement. (end) asj.rf.asa KUNA 291053 Jun 11NNNN
