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Kuwait crude oil drops $1.09 on Monday – KPC

Kuwait crude oil drops $1.09 on Monday – KPC
Global oil prices increased by more than 1% on Monday

Mubasher: The price of Kuwait’s crude oil decreased by $1.09 to settle at $65.2 per barrel (pb) on Monday compared to $66.29 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices increased by more than 1% on Monday in line with indicators of lower crude supply from the Organization of Petroleum Exporting Countries (OPEC).