Mubasher: The price of Kuwait’s crude oil increased by $1.51 to settle at $66.23 per barrel (pb) on Monday compared to $64.72 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices settled on Monday in line with anticipations that reducing oil supplies by the OPEC will limit crude surplus from increasing, despite the negative impact regarding China’s economy.