Mubasher: The price of Kuwait’s crude oil increased by two cents to settle at $72.83 per barrel (pb) on Tuesday compared to $72.81 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices declined on Tuesday as Nymex crude lost 7.3% to register its lowest monthly level in two years.
Investors await the initial data regarding the US crude inventories on Wednesday.
