Mubasher: The price of Kuwait’s crude oil decreased by 86 cents to settle at $72.1 per barrel (pb) on Tuesday, compared to $72.96 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the international level, oil prices declined on Wednesday after industry figures showed a buildup in US crude stockpiles, along with watching the geopolitical landscape and the development of the US-Sino trade war.
By 6:05 GMT, Brent Crude oil futures for July levelled down 0.7% to $71.71 pb, while Nymex’s futures for July’s deals shed 0.9% to $62.58 pb.
