KN:Kuwaiti crude increases USD 0.33 to USD 104.30 pb
KUWAIT, Aug 25 (KUNA) -- The price of Kuwaiti crude oil increased USD 0.33 to reach USD 104.30 per barrel (pb) on Wednesday, compared to USD 103.97 per barrel the day before, said Kuwait Petroleum Corporation (KPC) on Thursday.
The increase of oil prices is due to the possible Federal Reserve Bank's quantative easing policy, based on the current bad econimic conditions in the US. (end) mam.ysa.asa KUNA 251248 Aug 11NNNN
