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Kuwaiti crude oil increases $1.2 pb on Tuesday

Kuwaiti crude oil increases $1.2 pb on Tuesday
Brent crude futures declined 56 cents

Mubasher: Kuwaiti crude oil prices rose by $1.22 to $36.34 per barrel (pb) on Tuesday, compared to $35.12 on Monday, 29 June, according to Kuwait Petroleum Corporation (KPC).

Globally, the crude oil prices fell amid the increasing concerns over weak demand and oversupply; however, the US crude achieved quarterly gains of more than 91%.

Brent crude futures declined by 56 cents to settle at $41.15 pb, while the US West Texas Intermediate futures dropped by 43 cents to $39.27 pb.