Kuwait Oil edges up by US$2.22 to US$111.01 pb

KUWAIT, The Gulf Observer: The price of Kuwaiti oil hiked by US$2.22 to US$111.01 per barrel on Tuesday, compared with US$108.79 pb the day before, as announced by the Kuwait Petroleum Corporation (KPC) Wednesday.

According to the Kuwait News Agency (KUNA), the Brent crude rose by US$1.08 to US$107.35 pb and the West Texas Intermediate went up by US$1.62 to US$104.22 pb.