Mubasher: The price of Kuwait’s crude oil added 70 cents to settle at $59.88 per barrel (pb) on Wednesday compared to $59.18 pb on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).

Global oil prices declined on Thursday in line with the anticipation for the OPEC meeting next week.

On Wednesday, the U.S. Energy Information Administration (EIA) disclosed that oil inventories decreased by 1.9 million barrels in the week ended on 17 November, while expectations indicated to a drop of 1.4 million barrels.