KUNA reported that price of Kuwaiti crude oil decreased USD 0.62 per barrel on Monday reaching USD 95.85 per barrel compared to USD 96.47 per barrel the day before.

Kuwait Petroleum Corporation said that the fall of the Kuwaiti oil price came amid increasing fears in regards to the lack of Norway oil supply which is considered to be the eighth provider of oil on a global scale.

OPEC announced that its basket of crude decreased by USD 1.50, settling at USD 96.93 per barrel after it was at USD 98.43 last Thursday.

Source - KUNA

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