Mubasher: The price of Kuwait’s crude oil increased by 60 cents to settle at $69.16 per barrel (pb) on Tuesday compared to $68.56 pb on Monday, according to data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices rose by more than 1.5% on Tuesday to register the highest level in 2019, in line with expectations of imposing further sanctions on Iran as well as a decrease in supplies.