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KUWAIT - JANUARY 15: The sun sets behind a oil derek January 15, 2003 near the Saudi Arabian border, Kuwait. Kuwait produces 10% of the worlds oil and has promised to increase production as needed in the event of a war in Iraq. (Photo by Joe Raedle/Getty Images). Image used for illustrative purpose.
KUWAIT: The price of Kuwaiti oil went up by USD 1.32 to reach USD 68.68 per barrel on Monday as opposed to USD 67.36 pb the day before, said the Kuwait Petroleum Corporation (KPC) on Tuesday.
At the global markets, the prices of the Brent crude by 12 cents to reach USD 64.88 and West Texas Intermediate went up three cents to settle respectively at USD 61.53 per barrel pb.
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