Mubasher: The price of crude oil in Kuwait decreased by 1.6% or $1.22 to settle at $76.59 per barrel (pb) on Tuesday compared to $77.81 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
Global oil prices declined by more than 4% with Nymex crude falling by over than 4% to register the highest drop in three months.
Nymex crude oil, December futures, went down 4.2% to $66.43 pb on Tuesday.
Brent crude oil, December futures, declined by 4.5% to $76.22 pb.
