Mubasher: The price of Kuwait’s crude oil increased by 70 cents to settle at $59.14 per barrel (pb) on Monday compared to $58.44 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices declined in line with the anticipation for the OPEC meeting, which is expected to discuss extending the agreement of reducing oil output.
Results of the OPEC meeting will be disclosed on 30 November, with expectations of renewing the agreement until after March 2018.
