Mubasher: The price of Kuwait’s crude oil decreased by $2.91 to settle at $61.26 per barrel (pb) on Monday, compared to $64.17 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
Globally, oil prices dropped to the lowest level in four month on Monday’s settlement.
Nymex’s futures for July delivery inched down 0.5% to $53.25 pb on Monday’s settlement, while Brent Crude oil futures for August deals fell 1.7% to $60.89 pb by 6:45 GMT.
