KUWAIT, Dec 18 (KUNA) -- Kuwait oil price dropped 69 cents to USD 58.41 per barrel in Monday's trades against Friday's rate of 59.10 pb, Kuwait Petroleum Corporation (KPC) said on Tuesday.
Crude prices, in international markets, were bearish due to US excessive supplies and ongoing jitters about grim outlook of the global economic growth and fuel demand.
Meanwhile, rate of the Brent blend crude fell 67 cents, settling at 67 USD 59.61 pb. Likewise, the American crude oil lost USD 1.32, reaching USD 49.88 pb. (end)