Kuwait: The price of Kuwaiti oil went down by 55 cents to reach USD 116.91 per barrel on Wednesday, compared with USD 117.46 pb a day earlier, said the Kuwait Petroleum Corporation (KPC) on Thursday.

Globally, Brent crude futures dropped by USD 1.72 to USD 116.26 pb, as the West Texas Intermediate crude fell by USD 1.98 to USD 109.78 pb.