Mubasher: The price of Kuwait’s crude oil decreased by 4 cents to settle at $63.47 per barrel (pb) on Tuesday compared to $63.51 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).
Globally, oil prices continued to decline on Wednesday due to preliminary data that showed an increase in oil reserves.
The American Petroleum Institute said on Tuesday that the U.S. oil inventories increased by 933,000 barrels to reach 421.2 million barrels during the past week.
