Kuwait – Mubasher: The price of Kuwait’s crude oil decreased by $1.48 to reach $50.09 per barrel on Tuesday as compared to $51.57 pb on Monday, Kuwait news Agency (KUNA) said according to Kuwait Petroleum Corporation (KPC).
At the global level, Brent Crude oil fell by $1.3 to settle at $53.64 per barrel, the same case with the American Crude which retreated by $1.14 to $50.82 pb.
“The price did not fare better on the global level, going down due to the increase of exchange rate for the US Dollar and doubts regarding the implementation of the OPEC/non-OPEC deal to cut down oil production,” KUNA said.
