Kuwait-Mubasher: The price of Kuwait’s crude oil lost 18 cents to settle at $32.84 per barrel on Wednesday as compared to $33.02 on Tuesday, according to data issued by Kuwait Petroleum Corporation (KPC).
On the global level, oil prices increased 5% due to higher demand as well as government data that showed a decrease in the U.S. fuel reserve.
Brent crude oil rose by $1.42 to reach $41.07 a barrel, similarly, the U.S. crude oil grew $1.79 to $38.29 per barrel.
