Kuwait – Mubasher: The price of Kuwait’s crude oil gained 51 cents to reach $44.79 per barrel (pb) on Monday, compared with $44.28 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).
At the global level, Nymex crude oil was up 0.6% at $46.08 pb, and Brent crude oil gained 14 cents to settle at $48.29 pb.
It is noteworthy that the Saudi oil minister said that the agreement of extending oil output reduction for nine months will not be affected by the current diplomatic rift between Qatar and a number of Gulf countries.
