Mubasher: The price of Kuwait’s crude oil increased by 32 cents to settle at $65.52 per barrel (pb) on Tuesday compared to $65.2 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices decreased marginally on Tuesday in line with worries over a slowdown in the global economy.
It is noteworthy that OPEC and its allies are continuing to reduce oil production by 1.2 million barrels per day (bpd).
