Kuwait – Mubasher: Kuwait oil prices declined 55 cents registering $51.82 per barrel (pb), according to data released by the Kuwait Petroleum Corporation (KPC).
On the global level, oil prices fell on Monday, on the back of news that US production grew and the number of oil rigs increased by eleven last week for the 13th week in a row.
Brent crude and US crude (Nymex) prices declined 53 cents each to settle at $55.36 pb and $52.65 pb, respectively, Kuwait News Agency (KUNA) reported.
