KN:Kuwait oil price up USD 1.08, settels at 105.93 pb
KUWAIT, Sept 14 (KUNA) -- Price of the Kuwaiti crude oil went up USD 1.08 on Tuesday to settle at USD 105.93 per barrel (pb), compared to USD 104.85 pb on Monday, Kuwait Petroleum Corporation (KPC) said in a statement on Wednesday.
The price rise is attributed to forecast that the US crude oil reserve is declining for the second consecutive week.
Another major factor is wide-spread fears, resulting from the European sovereign debts crisis. (end) mam.tb.hb KUNA 141212 Sep 11NNNN
