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Kuwait crude oil rises 23 cents Monday – KPC

Kuwait crude oil rises 23 cents Monday – KPC
The price of crude oil fell to the lowest levels in three weeks

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.