Mubasher: The price of Kuwait’s crude oil increased by 32 cents to settle at $61.24 per barrel (pb) on Monday compared to $60.92 pb on Thursday, according to recent data issued by the Kuwait Petroleum Corporation (KPC).

At the global level, the price of Brent crude oil decreased on Tuesday in line with the recovery of the US dollar as well as the decline in Asian stock markets.

The OPEC’s secretary general expected on Monday higher demand for oil by 1.6 million barrels during 2018.