Mubasher: The price of Kuwait crude oil increased by 26 cents to settle at $49.03 per barrel (pb) on Monday, compared to $48.77 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).

At the global level, the price of Nymex crude oil retreated by 0.4% to reach $49.39 pb, and Brent crude oil fell by 0.3% to settle at $52.27 pb.