Mubasher: The price of Kuwait’s crude oil decreased by 53 cents to settle at $59.11 per barrel (pb) on Tuesday compared to $59.64 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices decreased by settling Tuesday in line with the investors’ anticipation for the global demand and the U.S. crude supplies.
On Tuesday, the quarterly report by the International Energy Agency (IEA) showed a positive prediction for a higher demand for crude oil; however, the report warned from the noticeable U.S. oil production.
