(MENAFN- Qatar News Agency) The price of Kuwaiti oil barrel dropped 47 cents reaching USD 27.58 per barrel on Monday, compared to USD 28.05 pb on Friday, as announced by Kuwait Petroleum Corporation (KPC) on Tuesday.
Oil prices have risen by 3% in international markets yesterday, affected by China's measures, taken to improve its economy and the low production rate of crude oil at the Organization of the Petroleum Exporting Countries (OPEC) and the US, according to (KUNA) news agency.
Meanwhile, Brent crude oil rose 87 cents upon settlement, reaching USD 35.97 pb, while the US crude oil rose 97 cents (3%), reaching USD 33.
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