Mubasher: The price of Kuwait’s crude oil added 1.9% or $1.18 to settle at $62.93 per barrel (pb) on Wednesday compared to $61.75 pb in the previous session, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices rose in line with anticipation for reaching a trade agreement between the US and China.

Brent crude April futures added 1% to $64.23 pb, while Nymex crude March futures went up 0.9% to $54.37 pb.