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Kuwait crude surge by USD 0.43 to USD 99.52 pb

Kuwait crude surge by USD 0.43 to USD 99.52 pb
Price of Kuwait crude oil increased by USD 0.43 to USD 99.52 per barrel (pb) on Tuesday against USD 99.09 per barrel (pb) the day before, the Kuwait Petroleum Corporation (KPC) said on Wednesday.

World -wide Oil prices retreated in July from the 9-month highs reached in June. The price of Kuwait Export Crude (KEC) fell by almost $5, from $108.2 per barrel (bbl) at the start of the month to $103.4/bbl by the end of the month, according to a recent report compiled by NBK.