Price of Kuwaiti oil dropped USD 1.50 to settle on USD 77.62 per barrel on Wednesday compared to USD 79.12 pb on Tuesday, Kuwait Petroleum Corporation (KPC) said on Thursday. Globally, price of Brent crude dropped by 60 cents to USD 78.58 pb, while West Texas Intermediate crude fell by 33 cents to USD 73.24 pb, according to Kuwait News Agency (KUNA). Source: Qatar News Agency