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FinancialNews
06-11-19
Kuwaiti crude oil price grows by 66 cents on Tuesday
(MENAFN) According to the Kuwait News Agency, the price of Kuwait's crude oil raise by 66 cents to settle at USD63.29 per barrel on Tuesday, compared to USD62.63 pb a day earlier.
Brent crude futures rose byUSD0.83 to hit USD62.96 pb, while Nymex WTI went up by USD0.69 to reach USD57.23 pb.
The producer club said, the Organization of the Petroleum Exporting Countries (OPEC) projected that the amount of oil will shrink over the coming five years, citing growing US shale production and non-OPEC supplies.
MENAFN0611201900450000ID1099230282
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