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Kuwait’s crude oil rises to $60.9 pb on Tuesday

11:39 23 January 2019 Author :  

The price of Kuwait’s crude oil rose 44 cents to $60.9 per barrel (pb) on Tuesday, from $60.46 pb on Monday, according to the Kuwait Petroleum Corporation (KPC).

Globally, oil prices retreated more than 2% amid concerns over a global economic slowdown, following the announcement of negative data on Monday.

The International Energy Agency warned against a rise in US shale oil output, noting that it will have huge implications for global energy markets. Agencies

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