Kuwaiti Crude Up To USD 110.96 Pb – KPC

Price of Kuwaiti crude oil went up 26 cents to USD 110.96 per barrel (pb) on Monday compared to USD 110.70 last Friday, said Kuwait Petroleum Corporation ( KPC ) on Tuesday.

Kuwaiti crude oil prices rose yesterday despite the decline of crude oil prices in the global markets in the past two weeks, due to the unexpected decline in the manufacturing sector in China, as well as the resumption of production in the Gulf of Mexico after Hurricane Isaac, which put pressured oil prices to decline.