KUWAIT, 16th August, 2023 (WAM) -- The price of Kuwaiti oil went down by 48 cents to US$89.42 per barrel on Tuesday, compared to Monday's rate of US$89.90 pb, said the Kuwait Petroleum Corporation (KPC) on Wednesday.

The Brent crude and the West Texas Intermediate went down globally by US$1.32 and US$1.52 respectively, settling at US$84.89 pb and US$80.99 pb, reported state news agency (KUNA).