LOC09:04
06:04 GMT
KUWAIT, May 23 (KUNA) -- The price of Kuwaiti oil was up 68 cents to USD 50.61 per barrel (pb) on Mobday, after being at USD 49.93 pb last Friday, said Kuwait Petroleum Corporation (KPC) Tuesday.
In global markets, the prices were up on Monday with growing expectations of extending the OPEC-non-OPEC production cut agreement during the upcoming OPEC meeting on May 25.
Meanwhile, the price of Brent crude was up 26 cents to USD 53.87 pb. (end)
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