Kuwaiti oil prices fell by $1.38

Kuwaiti oil prices fell by USD 1.38 to USD 106.52 per barrel (pb) on Friday compared to Thursday's USD 107.90 pb, Kuwait Petroleum Corporation (KPC) said here on Saturday. In London stock exchange, future Brent oil prices rose on Friday thanks to a recent decision by the US Federal Reserve to keep the bond-buying stimulus program at the same pace, together with dwindling US crude reserves and continuing fears over supplies. At the New York Mercantile Exchange (NYMEX) U.S. crude futures for the nearest maturity fell due to sales to reap profits with the end of circulation by the end of the session yesterday, with U.S. crude futures for next October delivery falling to 72.1 dollars, or 62.1%, to score settled at 67.104 dollars per barrel.