Kuwait – Mubasher: The price of Kuwait’s crude oil decreased 69 cents to reach $44.65 per barrel (pb) on Monday as compared to $45.34 on Friday, according to the latest data issued by Kuwait Petroleum Corporation (KPC).
On the global level, the price of Brent crude oil shrank by $1.72 to settle at $49.16 a barrel, while the US crude oil fell by $1.47 to $47.05 per barrel.
Investors are expecting the American Petroleum Institute (API) to announce on Wednesday official data on the US crude oil reserves for the past week.
