Mubasher: The price of Kuwait’s crude oil increased by 2 cents to settle at $70.72 per barrel (pb) on Monday compared to $70.70 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the global level, oil price decreased in line with worries about crude oversupply.
Brent crude, June futures, went down 0.4% to $70.91 pb.
Nymex crude oil, May futures, retreated 0.2% to $63.27 pb.
