Mubasher: The price of Kuwait’s crude oil levelled down by 1.7%, or $1.18 per barrel (pb), to settle at $67.7 pb on Wednesday, compared to $68.88 pb a day earlier, according to the latest data by the Kuwait Petroleum Corporation (KPC).

Nymex’s futures for July settled higher by 0.8% to $59.25 pb on Wednesday, while Brent Crude oil futures for July contracts increased by 0.5% to hit $69.76 pb by 6:10 pm GMT.