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Kuwait’s crude oil drops $1.1 on Tuesday – KPC

Kuwait’s crude oil drops $1.1 on Tuesday – KPC
Global oil prices continued to fall on Tuesday

Mubasher: The price of Kuwait’s crude oil decreased by $1.1 to reach $65.66 per barrel (pb) on Tuesday compared to $66.76 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).

Globally, oil prices continued to fall on Tuesday in line with worries over an increase in the US crude oil.

The US Energy Information Administration (EIA) showed a growth in oil production to 9.88 million barrels in the week ended on 19 January.