Fall in Kuwait Oil Price

The Kuwaiti oil price fell by 90 cents to US$77.80 per barrel (pb) on Monday, compared to US$78.70 pb the previous day, state news agency (KUNA) reported, citing Kuwait Petroleum Corporation (KPC) on Tuesday.

Globally, the price of Brent crude dropped by US$1.58 to US$77.46 pb, and West Texas Intermediate crude also went down by US$1.73 to US$73.83 pb.