Mubasher: The price of Kuwait’s crude oil decreased by 62 cents to settle at $64.24 per barrel (pb) on Wednesday compared to $64.86 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
Globally, oil prices closed Wednesday in decline in line with the anticipation for the US crude inventories data.
OPEC and non-OPEC members registered a compliance with the oil reduction agreement to 1.8 million barrels per day (bpd) until the end of 2018; this decision will be reconsidered in the OPEC’s coming meeting in June.
