Mubasher: The price of Kuwait’s crude oil inched down by 27 cents on Tuesday, settling at $31.89 per barrel (pb) from $32.16 pb on Monday, according to the prices released by the Kuwait Petroleum Corporation (KPC).
Oil prices fell by more than 6% to its the lowest since 2016, below $30 pb amid growing fears over the coronavirus (COVID-19) pandemic and its repercussions weakening economic growth and demand.
