Mubasher: The price of Kuwait’s crude oil dropped 14 cents to settle at $64.62 per barrel (pb) on Monday compared to $64.76 pb on Friday, according to the latest data by Kuwait Petroleum Corporation (KPC).

At the global level, oil prices increased to approach the highest level registered in May 2015 in line with international political tension.

During the first week of 2018, the US crude oil registered 1.7% gains to close Friday at $61.44 pb.