The price of Kuwaiti crude oil increased by $0.13 to $51.90 per barrel on Monday’s trades, compared to $51.77 on Friday’s, according to Kuwait Petroleum Corporation (KPC).

The American crude oil soared by $3 or 6.11% to $52.14 a barrel.

Prices of Brent crude rose by $3.17 or 5.77% to $58.12 per barrel.