Price of Kuwait crude oil per barrel hiked by 73 cents to USD 74.38 pb in Monday’s trading compared to USD 73.65 pb on Friday, Kuwait Petroleum Corporation (KPC) said here on Tuesday.
At global oil markets, the price fell by 68 cents to USD 79.68 pb, while the US oil price dropped by 73 cents to USD 75.78 pb.
OPEC oil ministers are set to meet in Vienna on November 27 to discuss the uncontrollably dwindling oil prices worldwide, as experts have called on the cartel to cut output to be between 1.5 and 2 million barrels per day.
Source : KUNA Kuwait News agency
