KN:Kuwaiti crude increases USD 0.86 to USD 101.71 pb
KUWAIT, Aug 23 (KUNA) -- The price of Kuwaiti crude oil increased USD 0.86 to reach USD 101.71 per barrel (pb) on Monday, compared to USD 100.85 per barrel on Friday, said Kuwait Petroleum Corporation (KPC) on Tuesday.
The increase in oil prices this week is due to the progressing situation in Libya, as it holds the largest crude oil reserve in Africa, with expectations of resuming normal oil production levels. (end) mam.ysa.asa KUNA 231238 Aug 11NNNN
