Kuwaiti oil falls to $49.42 pb on Tuesday

Kuwait – Mubasher: The price of one Kuwaiti oil barrel decreased in Tuesday’s trading session to $49.42, losing 31 cents, according to the Kuwait Petroleum Corporation (KPC).

The price per barrel (pb) of Kuwaiti rose on Monday by 46 cents to $49.73 pb.

In international markets, oil prices levelled up due to sudden production disruptions in the North Sea, according to Kuwait News Agency (KUNA).

Brent crude prices gained $1.05, recording $54.17 pb, while Nymex crude increased 79 cents reaching $51.03 pb, according to KUNA.

Globally, investors are awaiting the Energy Information Administration’s (EIA) data on US oil inventories.

Mubasher Contribution Time: 05-Apr-2017 11:19 (GMT)
Mubasher Last Update Time: 05-Apr-2017 11:34 (GMT)