The price of Kuwaiti oil went down by 43 cents to USD 50.83 per barrel Wednesday as oppose to USD 51.26 pb the day before, said Kuwait Petroleum Corporation (KPC) Thursday. 
At the global scale, the price of oil stabilized despite data showcasing an increase in US crude reserves. 
The price of the Brent crude went down by 36 cents to USD 55.08 per barrel while the price of the American crude was stable at USD 53.18 pb