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Kuwait’s crude oil rises $2.14 pb on Tuesday - KPC

Kuwait’s crude oil rises $2.14 pb on Tuesday - KPC
The global oil market has been supported by OPEC’s output cut deal

Mubasher: The price of Kuwait’s crude oil reached $28.61 per barrel (pb) on Tuesday, 26 May, up by $ 2.14, compared to $26.47 pb last Friday, according to the official prices released by Kuwait Petroleum Corporation (KPC).

The global oil market has been supported by OPEC’s agreement to cut production by 9.7 million barrels per day during May and June.