Mubasher: The price of Kuwait’s crude oil decreased by $4.33 on Monday, 23 March, to stand at $26.11 per barrel (pb) compared to $30.44 pb last Friday, according to the official prices by the Kuwait Petroleum Corporation (KPC).
Global oil prices jumped by more than 3% on Monday after the US Federal Reserve said that it will launch a barrage of programmes in an attempt to help markets face the coronavirus (COVID-19) crisis.
In the meantime, Brent futures levelled up by five cents to finish at $27.03 pb, while the US West Texas Intermediate’s (WTI) futures for May inched up by 73 cents or 3.2% to reach $23.36 pb.
