Mubasher: The price of Kuwait’s crude oil gained 93 cents to settle a $66.09 per barrel (pb) on Wednesday compared to $65.16 pb on Tuesday, according to the latest data by Kuwait Petroleum Corporation (KPC).

At the global level, the US crude oil increased to $63 pb; this is the first level in more than three years following the data disclosed about US inventories.

The US crude reserve registered a decline for the eighth week in a row.