The price of Kuwaiti oil went down 25 cents to USD 52.30 per barrel Tuesday, compared to USD 52.55 per barrel on Monday, said Kuwait Petroleum Corporation (KPC) Wednesday.

    At the global market, the oil price rose slightly due to OPEC efforts to apply the agreement on reducing output by about 1.8 million barrels per day, according to (KUNA) news agency.

    The price of the Brent Crude went up by 38 cents to USD 55.97 per barrel, the same case with the American light crude, which went up by 27 cents to USD 53.20 per barrel