Mubasher: The price of Kuwait’s crude oil declined by 97 cents to settle at $63.76 per barrel on Tuesday, compared to $64.73 pb a day earlier, according to the Kuwait News Agency.

Brent crude futures went down by $1.53 to hit $60.91 pb, while Nymex WTI decreased by $1.84 to reach $55.21 pb.

Kuwaiti oil production grew by 16,000 barrels per day (bpd) in October, according to the OPEC monthly report.