KUWAIT, 2st March, 2016 (WAM) — The price of Kuwaiti oil went up US$ 1.79 Tuesday to reach US$ 29.37 per barrel as oppose to US$ 27.58 pb the day before, said the Kuwait Petroleum Corporation, KPC, Wednesday.

Kuwait News Agency, KUNA, said that in the global market, the increase in the oil price was attributed to a number of geopolitical reasons, including a Russian government proposal to keep world production at its January level.

Brent mix went up by 24 cents to reach US$ 36.81 per barrel, and it is the same case for US crude oil which went up by 65 cents to reach US$ 34.40 pb.