Mubasher: The price of Kuwait’s crude oil decreased by 8 cents to settle at $66.52 per barrel (pb) on Tuesday compared to $66.60 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).

Globally, oil prices declined as the US crude oil registered its first fall in six sessions in line with worries over raising the US oil production.

The US Energy Information Administration (EIA) expected shale oil production to increase in seven main areas with 111,000 barrels per day (bpd) in February to total 6.459 million bpd.