Kuwait - Mubasher: Kuwait’s crude oil slipped 29 cents at the closing of Monday’s session recording $39.89 per barrel, compared to $40.18 on Friday, according to the price released by the Kuwait Petroleum Corporation (KPC).
In the US, crude oil prices dropped 2% or $1.06, reaching their lowest level in 3 months, amid growing fears that inventories will continue to outpace consumption, thus slowing the market’s recovery.
US crude reached $43.13 per barrel, while Brent crude futures ended the session down 97 cents at $44.72 a barrel.
