Kuwait oil price down to USD 73.13 pb

The price of Kuwaiti oil went down by 36 cents to USD 73.13 per barrel after being at USD 73.49 pb last Friday, said the Kuwait Petroleum Corporation (KPC) Tuesday.

At the global level, the price was stable in Monday’s trading after the Iraqi oil ministry said that OPEC would approve the increase in production during the organization’s meeting on June 22.

The price of the Brent crude was stable at USD 76.46 per barrel, the price of the West Texas Intermediate went up by 36 cents to USD 66.07 pb.

Source: Kuwait News Agency