Price of Kuwait crude oil per barrel went up by USD 0.70 to USD 72.10 pb Monday compared to USD 71.40 last Friday, said Kuwait Petroleum Corporation (KPC) on Tuesday.
Global markets anticipate that OPEC could cut output at its meeting on November 27 despite the fact that Saudi Arabia, the world's largest producer and exporter of oil, is pushing to keep production ceiling unchanged.
In New York Mercantile Exchange (NYMEX), American light crude was traded at USD 75.52 pb while Brent crude traded at USD 79.07 pb.