Mubasher: The price of Kuwait’s oil fell by 21 cents on Tuesday to $54.86 per barrel (pb), compared to $55.07 pb a day earlier, according to the official prices of the Kuwait Petroleum Corporation (KPC).  

Global oil prices rose yesterday, recovering from their lowest level in a year, however, investors remain worried about another fall in demand in China due to the coronavirus outbreak.

Yesterday, the World Health Organisation (WHO) said that the first vaccine for the novel virus could be ready in 18 months.