Mubasher: The price of Kuwait’s crude oil went down 82 cents to settle at $50.56 per barrel (pb) on Monday compared to $51.38 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).

An oil expert announced on Monday that Kuwait raised the price of its crude oil exported to Asia in October by 35 cents, with a discount of $1.05 from the average prices of Oman and Dubai crude oil.