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Kuwait oil price rises Tuesday 86 cents to USD 75.52 pb

KUWAIT, The price of Kuwaiti oil went up by 86 cents to USD 75.52 per barrel Tuesday as oppose to USD 74.66 pb Monday, said the Kuwait Petroleum Corporation (KPC) Wednesday.

On the global level, the oil prices rose on Tuesday causing a slump in Venezuela’s oil production and a possible decline in Iran’s exports.

The Brent crude reached USD 1.27 to USD 80.49 pb, and the West Texas Intermediate rose 59 cents to USD 72.83 pb.

Source: Kuwait News Agency