Mubasher: The price of Kuwait crude oil gained 23 cents to reach $48.46 per barrel (pb) on Monday compared to $48.23 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).
At the global level, the price of crude oil fell to the lowest levels in three weeks; the price of Nymex crude oil decreased to below $48 pb on Monday, dragged by the expectations for higher oil supply.
Source:
Mubasher