KUWAIT, Feb 21 (KUNA) -- The price of Kuwaiti crude rose 41 cents to USD 118.27 per barrel yesterday, the state-run Kuwait Petroleum Corporation (KPC) said Tuesday.
Oil prices continue to rise due to a number of factors. They are mainly driven by the geopolitical events seen in the Middle East region and the tension surrounding Iran's nuclear program.
Oil prices are also going up because Greece's sovereign debt is coming to an end by implementing an EU bailout plan.
The improvement of the US economy was another factor for hiking up oil prices. (end) mam.ysa.nfm KUNA 211241 Feb 12NNNN
