Kuwait – Mubasher: The price of Kuwait’s crude oil went down on Tuesday by 98 cents to settle at $50.93 per barrel as compared with 51.91 pb on Monday, Kuwait News Agency (UNA) said according to Kuwait Petroleum Corporation (KPC).
Oil prices made considerable gains at the global level; however, “these gains seemed to stall due a report by the International Energy Agency (IEA) regarding OPEC's input in last November which reached over 500,000 barrels per day,” KUNA said.
Brent crude oil rose by 3 cents to reach $55.72 per barrel. The American crude oil also went up by 15 cents to reach $52.98 pb.
