Oil price up

Kuwait Times - - LOCAL -

KUWAIT: The price of Kuwaiti crude oil bar­rel edged 26 cents higher dur­ing yes­ter­day’s trad­ing to close the day, Mon­day, at $49.03 per bar­rel, Kuwait Petroleum Cor­po­ra­tion (KPC) said on yes­ter­day. Oil prices gen­er­ally dropped dur­ing Mon­day’s trans­ac­tions in global mar­kets to nine­week low amidst fears of high pro­duc­tion by mem­bers of the Or­ga­ni­za­tion of Petroleum Ex­port­ing Coun­tries (OPEC) and the US.

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