Mubasher: The price of Kuwait’s crude oil increased by 14 cents to reach $67.1 per barrel (pb) on Wednesday compared to $66.96 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices rose by more than 2% in line with Nymex registering the highest level in four months, following the data on the US crude inventories.