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Kuwaiti oil drops to $68.35 pb on Tuesday – KPC

Kuwaiti oil drops to $68.35 pb on Tuesday – KPC
Global oil prices declined by 1%

Mubasher: The price of Kuwait’s crude oil fell by 62 cents to $68.35 per barrel (pb) on Tuesday, compared to $68.97 pb on Monday, according to the Kuwait Petroleum Corporation (KPC).

Globally, oil prices declined by 1%, while NYMEX crude oil surged by 34%, its largest gain in three years.

The US and China are expected to sign a phase one agreement by mid-January in a move towards a trade truce between the world's two largest economies.