Price of Kuwaiti crude oil barrel went up 25 cents on Monday reaching USD 51.66 per barrel compared to USD 51.41 per barrel on Friday, according to Kuwait Petroleum Corporation (KPC) on Tuesday.
Benchmark Brent crude oil prices remained below USD 58 a barrel on Tuesday as the International Energy Agency (IEA) said the United States will remain the world's top source of oil supply growth until to 2020, defying expectations of a more dramatic slowdown in shale output growth.
U.S. crude futures were also trading down 65 cents at USD 52.21 on Tuesday, snapping three days of gains, after a preliminary survey showed that U.S. commercial crude stockpiles likely hit a record high last week.