Kuwait – Mubasher: The price of Kuwait crude oil rose by 56 cents to settle at $46.11 per barrel on Monday from $45.55 on Tuesday, according to a bourse statement issued on Tuesday.
At the global level, Brent crude oil gained $0.49% to reach $49.34 a barrel; similarly, Nymex crude oil rose by 0.41% $46.41 per barrel.
The prices of crude oil increased on the possibility of extending the decision to reduce oil production.
