Mubasher: The price of Kuwait oil rose by 26 cents on Friday, according to the Kuwait Petroleum Corporation (KPC).

Kuwaiti crude registered $60.57 per barrel on Friday, after closing Thursday at $60.31 per barrel, Kuwait News Agency (KUNA) reported.

In global markets, oil prices declined yesterday after data showed an increase in the number of US oil rigs, however, oil recorded weekly gains of 2%.