Kuwait crude barrel up to $107.28

Kuwaiti crude oil was up USD 0.94 to settle at USD 107.28 per barrel (pb) on Tuesday, compared with USD 106.34 pb the day before, said Kuwait Petroleum Corporation (KPC) on Wednesday. Crude prices in international markets suffered a state of fluctuations during the trading sessions, due to contracting predictions concerning the demand, which reinforced fears of consumers after stopping pipelines in the US Midwest from working for a long time. Brent crude contracts fell at the settlement, while US crude closed slightly higher on Tuesday. Brent raised in London Stock Exchange Brent by the beginning of trading, after it started to fall below one dollar, the recovered sum of its losses dropped to USD 110.69 pb. Saudi Minister of Petroleum and Mineral Resources, Ali Bin Ibrahim Al-N'aimi, said in press remarks on Monday that the demand on Saudi crude will increase during the coming months, which indicates that the largest producer of oil in the Organization of the Petroleum Exporting Countries (OPEC) expects a recovery in Asia, being the largest markets for its exports.