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Kuwait’s oil dips 77 cents on Tuesday – KPC

Kuwait’s oil dips 77 cents on Tuesday – KPC
Global prices remained unchanged on Tuesday

Mubasher: Kuwait’s crude oil price slid by 77 cents on Tuesday, 18 February, to settle at $57.18 per barrel (pb) as compared to $57.95 pb last Monday, according to official prices released by Kuwait Petroleum Corporation (KPC).

Global prices remained unchanged on Tuesday, recovering more than 2% of losses over the session due to growing concerns over the economic impact of the coronavirus outbreak in China.   

Meanwhile, Brent crude finished 8 cents up at $57.75 pb, while the US West Texas Intermediate (WTI) crude settled unchanged at $52.05 pb.