Mubasher: The price of Kuwait’s crude oil decreased by 3.8% or $2.46 to settle at $61.93 per barrel (pb) on Wednesday compared to $64.39 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices increased by more than 2% on Wednesday to recover from the severe losses registered on Tuesday.
Nymex crude, January futures, added 2.3% to reach $54.63 pb.
Brent crude, January futures, went up 1% to $63.11 pb.
