Kuwait’s crude oil plunges to $24.06

Kuwait-Mubasher: The Kuwaiti crude oil dropped $1.27 to settle at $24.06 per barrel on Monday as compared to $25.33 on Friday.

Thus, the Kuwaiti crude oil has deepened its losses by 60% as compared to the end of 2014.

It is worth noting that oil revenues form 80% of Kuwait’s gross revenues.

 

Mubasher Contribution Time: 12-Jan-2016 05:16 (GMT)