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Kuwait’s crude oil drops 3 cents on Monday – KPC

Kuwait’s crude oil drops 3 cents on Monday – KPC
Global oil prices declined in line with the recovery of the US dollar

Mubasher: The price of Kuwait’s crude oil decreased by 3 cents to settle at $66.76 per barrel (pb) on Monday compared to $66.79 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).

Global oil prices declined in line with the recovery of the US dollar and worries over oil production in the US.

Nymex crude oil levelled down 58 cents or 0.9% to reach $65.56 pb, after it registered strong gains of 4.4% in the previous week.