Mubasher: The price of Kuwait’s crude oil increased by 12 cents to settle at $65.64 per barrel (pb) on Wednesday compared to $65.52 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices rose on Thursday in line with the OPEC’s efforts to reduce oil production.

Brent crude oil, May futures, added 0.3% to $66.18 pb.

Nymex crude oil, April futures, went up 0.1% to $56.29 pb.