Kuwait – Mubasher: The price of a barrel of Kuwaiti oil decreased by 42 cents during trading on Tuesday. This is according to the announced price from the Ministry of Oil.
The price of a barrel of Kuwaiti oil recorded $83.15 in yesterday’s trading, compared to $83.57 a barrel in last Monday’s trading..
The oil market is awaiting Haddock for strong signs indicating a recovery in Chinese demand for crude following the reopening of the economy and the removal of restrictions imposed to limit the spread of Corona injuries.
Data from the joint organizations initiative, “Judy”, revealed an increase in global oil demand by regarding 1.3 million barrels per day last December.
Yesterday’s trading settlement promise, the price of benchmark Brent crude futures for April delivery grew marginally by 0.1% to $83.05 a barrel, while the price of US Nymex crude futures for April delivery declined by 0.3% at $76.36 a barrel..
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