Mubasher: The price of Kuwait’s crude oil decreased by 79 cents to settle at $63.49 per barrel (pb) on Tuesday compared to $64.28 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices registered the lowest decline in three weeks in line with the fluctuation seen at global markets amid worries over raising the US oil production.

The UK’s BP earlier expected oil prices to range from $50 pb to $55 pb.