Mubasher: The price of Kuwait’s crude oil increased by 82 cents to settle at $69.72 per barrel (pb) on Tuesday compared to $68.9 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices dropped by the end of Tuesday, hitting the lowest level in a week, in line with the rising tensions in the Middle East.
It is expected that the US would impose more sanctions on Iran, a step that is likely to affect global oil prices in the coming period.
