The price of a barrel of Kuwaiti oil fell by 74 cents to reach $90.97 per barrel in trading yesterday, Friday.

This came against a price of $64.98 in trading the day before yesterday, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures fell 7 cents to $31.95 per barrel.

While US West Texas Intermediate crude futures fell 92 cents to reach $97.90.