KUWAIT, Jan 5 (KUNA) -- Price of Kuwaiti crude oil increased by USD 2.52 to USD 110.74 per barrel on Wednesday compared to USD 108.22 pb the day before, Kuwait Petroleum Corporation said in a statement on Thursday.
The hike of oil prices comes after economic reports were issued in the past two days, showing great development in the Chinese, US, German, British and Swiss economies, therefore boosting oil demand despite the rise of the US dollar exchange rate on Wednesday. (end) mam.ysa.asa KUNA 051126 Jan 12NNNN
