Kuwait – Mubasher: The price of Kuwait’s crude oil gained 18 cents to settle at $44.97 per barrel (pb) on Tuesday, compared to $44.79 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).
At the global level, Nymex crude oil edged up 0.8% to $46.64 pb, and Brent crude oil gained 0.7% to $48.65 pb.
The Organization of Petroleum Exporting Countries (OPEC) recently announced that it expects higher oil supply from non-OPEC members during 2017; a production of about 840,000 barrels per day (bpd).
