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Kuwait’s crude oil up $1.04 on Monday – KPC

Kuwait’s crude oil up $1.04 on Monday – KPC
Kuwait’s crude oil increased to $60.85 per barrel

Mubasher: The price of Kuwait’s crude oil increased by $1.04 to settle at $60.85 per barrel (pb) on Monday compared to $59.81 pb on Friday, according to the latest data on the Kuwait Petroleum Corporation (KPC).

Globally, oil prices declined by the end of Monday in line with worries over the U.S. crude supplies in addition to the OPEC’s monthly report.

The U.S. Energy Information Administration (EIA) has expected the shale oil production to increase by 131,000 barrels per day (bpd) in April.