The price of Kuwaiti oil went down by 25 cents to US$47.92 per barrel Thursday having been US$48.17 pb the day before, the Kuwait Petroleum Corporation announced on Friday.

At the global level, the price of the West Texas Intermediate's future contracts for September delivery was up by US$1.27 to $47.23 per barrel, the same case with the Brent crude's future contracts for October delivery, which went down by $1.52 to $52.38 per barrel.