Mubasher: The price of Kuwait’s crude oil dropped $0.39 to settle at $65.39 per barrel (pb) on Monday, compared to $65.78 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices rose on Monday amid expectations that major members of the Organization of Petroleum Exporting Countries (OPEC) will withhold supply toward year-end.

US Nymex crude futures jumped 1.5% to close at $56.76 pb, while global benchmark Brent futures fell 0.2% to $66.63 pb.