Arab Today, arab today kuwait crude price rises
Last Updated : GMT 07:53:53
Arab Today, arab today
Arab Today, arab today

kuwait crude price rises

Arab Today, arab today

Arab Today, arab today kuwait crude price rises

Kuwait - Kuna

Price of Kuwaiti crude oil increased USD 87 cents to USD 112.82 per barrel on Monday compared to USD 111.95 pb on Friday, Kuwait Petroleum Corporation said in a statement on Tuesday. The price rise of the Kuwaiti crude coincided with mounting fears, resulting from threats by Iran to shut the strategic Hormuz strait through which a third of the world\'s supplies of crude oil passes. Its possible closure is forecast to result in soaring prices of the crude oil.

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