Kuwaiti oil price up USD 1.19 cents to stand at USD 60.85 per barrel

The price of Kuwaiti crude oil went up USD 1.19 cents and settled at USD 60.85 per barrel, compared to USD 59.66 per barrel in trading since last Friday, said Kuwait Petroleum Corporation (KPC) Tuesday.

In world markets, oil prices were up after expectations to support deman on crude oil and conerns over a slow OPEC production increase in the next few years.

Oil crude price Brent mixed was up USD 1.17 to stand at USD 65.54, also the case with US crude Western Texas oil, which was up USD 1.32 cents, and settling at USD 62.57 per barrel.

Source: Kuwait News Agency