Mubasher: The price of Kuwait’s crude oil decreased by 2 cents to settle at $68.90 per barrel (pb) on Monday compared to $68.92 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices rose by the end of Monday in line with the ascending tension events in the Middle East.
Crude oil prices increased after a decline, in line with the Iranian oil minister’s statement over not renewing the OPEC agreement to reduce production.
