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Kuwaiti oil exceeds $54 per barrel - KPC

Kuwaiti oil exceeds $54 per barrel - KPC
Photo Credit: Arabianeye-Reuters

The price of the Kuwaiti crude oil soared to $54.49 per barrel on Monday’s trades compared to $52.16 on Friday’s, gaining $2.33, according to Kuwait Petroleum Corporation (KPC).

The price of Brent increased by 6 cents or 0.10% to reach $57.93 per barrel. Additionally, the American crude oil closed at $51.91 per barrel, rising by 27 cents or 0.52%.