Kuwaiti Oil Prices hike 29 Cents to $123.16 pb: KPC

The price of Kuwaiti crude rose by 29 cents to $123.16 per barrel yesterday, in comparison to USD 122.87 per barrel on Thursday, the state-run Kuwait Petroleum Corporation (KPC) said Saturday.
Kuwait oil price continues to rise for the second day in a row after a limited volatility over the past week.

Leading factors attributed to the rise include the fading fears on the Greek debt crisis, China’s decreasing inflation rate and growing stronger-than-expected jobs in the US in February.