Kuwait's crude oil rises to $61.54 pb on Monday – KPC

Kuwait's crude oil rises to $61.54 pb on Monday – KPC
Investors are awaiting OPEC’s report for January 2019

Mubasher: The price of Kuwait’s crude oil increased by 33 cents to settle at $61.54 per barrel (pb) on Monday compared to $61.21 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices declined on Monday in line with anticipation for the US-China trade developments.

Investors are awaiting the Organization of Petroleum Exporting Countries’ (OPEC) report for January 2019 to be released this week, amid expectations for oil production to shrink by 930,000 barrels per day (bpd).