Mubasher: The price of Kuwait’s crude oil decreased by 72 cents to settle at $72.9 per barrel (pb) on Monday when compared to $73.62 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices increased on Tuesday after registering the lowest level in two months in line with the developments in oil supplies.

On Monday, the US crude oil settled at $64.75 pb, the lowest level since 9 April.