Mubasher: The price of Kuwait’s crude oil fell 15 cents to $60.03 per barrel (pb) on Tuesday compared to $60.18 pb on Monday, according to the Kuwait Petroleum Corporation (KPC) data.
Global oil prices declined on Monday. Nymex Crude Oil tumbled 12 cents, pressured by uncertainty over the outcome of an OPEC meeting on Thursday, 30 November, at which an extension to its oil output cuts will be discussed.
There are mounting speculations that OPEC will prolong the production curbs until the end of 2018.
