Kuwait – Mubasher: The price per barrel of Kuwaiti oil rose on Tuesday by 50 cents to $42.78, compared to $42.28 in Monday’s trading, according to Kuwait Petroleum Corporation (KPC).
Also, global oil prices grew yesterday due to the drop in U.S. crude supplies and threats to Canadian oil supplies because of wildfire.
“Expectations of a fall in crude supply and disruptions in Canadian and Nigerian supplies still support the rise in oil prices,” analyst, Ahmed Karam, told Mubasher.
