Kuwait - Mubasher: The price of Kuwait oil barrel increased by 15 cents, the Kuwait Petroleum Corporation (KPC) said on Saturday.
Kuwaiti crude reached $50.28 per barrel (pb) on Friday compared to $51.13 pb on Thursday, Kuwait News Agency (KUNA) reported.
International markets also saw a hike in oil prices due to expectations that OPEC and Non-OPEC producers will fulfill their deal to reduce their oil output despite news regarding the increase in US petroleum excavation activities.