Mubasher: The price of Kuwait’s crude oil dipped 30 cents to $60.46 per barrel (pb) on Monday, from $60.76 pb on Friday, according to the Kuwait Petroleum Corporation (KPC).
Globally, oil prices turned lower after China disclosed data signaling slowing growth and Japan resumed purchases of Iranian crude oil.
Oil prices tumbled following an early rise on Monday after data indicated that China’s economic growth slowed down.