LOC09:39
06:39 GMT
KUWAIT, Nov 13 (KUNA) -- The price of Kuwait's crude oil went up USD 1.26 on Monday to stand at USD 69.86 per barrel (pb) compared to USD 68.60 pb last Friday, said Kuwait Petroleum Corporation (KPC) on Tuesday.
In global markets, oil prices dropped after US President Donald Trump hoped there would be no reduction in oil production according to Saudi Minister of Energy Khaled Al-Faleh's statements that OPEC was considering reducing next year's supplies.
The price of the Brent Blend went down six cents to settle at USD 70.12 pb, the same case with the West Texas Intermediate, which declined 26 cents to reach USD 59.93 pb. (end)
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