Kuwait oil edges 83 cents higher to $114.57 pb

KUWAIT, TGO: Kuwait crude oil edged 83 cents higher during Wednesday’s trading sessions to reach US$114.57 per barrel (pb), compared with US$113.74 pb the day before, Kuwait Petroleum Corporation (KPC) said Thursday.

According to the Kuwait News Agency, Brent futures surged $6.12 to reach $121.60 pb and West Texas Intermediate jumped $5.66 to reach $114.93 pb.