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Kuwait’s crude oil price slides $1.14 pb on Tuesday

Kuwait’s crude oil price slides $1.14 pb on Tuesday
Nymex’s futures for June settled higher by 1.2% to $61.78 pb on Tuesday

Mubasher: The price of Kuwait’s crude oil tumbled $1.14 per barrel (pb) to settle at $70.62 pb on Tuesday, compared to $71.76 pb a day earlier, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the international level, oil futures levelled up at Tuesday’s settlement as the attacks on two Saudi oil facilities raised supply concerns.

Nymex’s futures for June settled higher by 1.2% to $61.78 pb on Tuesday, while Brent Crude oil futures for July contracts increased by 1.5% to hit $71.26 pb by 6:40 pm GMT.