Price of Kuwait crude oil per barrel went up 66 cents to USD 77.24 pb Monday compared to USD 76.58 last Friday, said Kuwait Petroleum Corporation (KPC) on Tuesday.
The slight rise in oil prices came in the wake of forecasts that the Organization of Petroleum Exporting Countries (OPEC) would cut oil output.
In New York Mercantile Exchange (NYMEX), American crude settled at USD 78 pb.