Mubasher: The price of Kuwait’s crude oil decreased by 16 cents to reach $53.69 per barrel (pb) on Monday compared to $53.85 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).
Oil prices have fallen in line with expectations of a higher number of supplies from OPEC.
At the global level, Nymex crude oil, November delivery, declined by 2.1% to settle at $50.58 pb and the Brent crude oil, December futures, went down by 1.2% to $56.13 pb.
