
Kuwaiti oil price rose USD 0.59 to USD 105.21 per barrel (pb) on Monday, compared to USD 104.62 pb last Friday, Kuwait Petroleum Corporation (KPC) said on Tuesday. Meanwhile, oil prices on the international markets rose, amid expectation of an increase in demand due to the recent European economic reports, in addition to the limited crude exports from Libya. In London, the Brent prices for the January deliveries closed higher by USD 1.64 settling at USD 110.47 pb. In New York, contracts of the American light crude rose 88 cents to USD 97.48 pb.
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