Mubasher: The price of Kuwait’s crude oil increased by 70 cents to settle at $72.09 per barrel (pb) on Tuesday, compared to $71.39 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the international level, oil prices went up at Tuesday’s settlement, amid expectations to extend the production cut agreement led by the Petroleum Exporting Countries (OPEC), combined with growing tensions in Venezuela that in return drove oil to register the fourth monthly rise in a row.
