Kuwait – Mubasher: Kuwaiti oil declined by 58 cents on Tuesday to reach $48.17 per barrel (pb) from $48.75 pb on Monday, according to the Kuwait Petroleum Corporation (KPC).

Globally, oil prices increased for the first time in five consecutive sessions, Kuwait News Agency (KUNA) reported.

Brent and Nymex crude oil rose 50 cents and 33 cents to reach $52.10 pb and $49.56 pb, respectively, the agency added.