Mubasher: The price of Kuwait’s crude oil increased by 70 cents on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

Oil settled at $61.67 per barrel (pb) on Monday compared to $60.97 pb on Friday.

At the global level, Nymex crude oil, July futures, declined 1.1% to $51.93 pb in early Tuesday, while Brent crude, August futures, dropped 1.7% to $60.39 pb.