Mubasher: The price of Kuwait’s crude oil increased by 83 cents to settle at $67.64 per barrel (pb) on Wednesday compared to $66.81 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices reached the highest level since 2014 in line with the positive data on the US oil inventories.
Brent crude oil, June futures, went up 0.6%to $73.91 pb, while Nymex crude oil gained 0.5%.
