Mubasher: The price of Kuwait’s crude oil levelled up $0.62 per barrel (pb) to settle at $71.24 pb on Wednesday, compared to $70.62 pb a day earlier, according to the latest data by the Kuwait Petroleum Corporation (KPC).

By 6:10 pm GMT, Nymex’s futures for June settled higher by 0.6% to $62.37 pb on Wednesday, while Brent Crude oil futures for July contracts increased by 0.5% to hit $72.12 pb.