RTTNews | Jul 19, 2021 11:49AM EDT

11:48 Monday, July 19, 2021 (RTTNews.com) - Another company witnessed its share price drop amid a nationwide gas price increase. The UK-based crude oil shipping company, KNOT Offshore Partners LP (KNOP) has dropped 4% in the Street on the Monday market.

The price of gas across the country is continuously going higher as the demand increases. The country is slowly opening up, resulting in more and more use of vehicles. OPEC Plus has announced that it will increase the production of crude oil to buffer the condition.

Knot shares are trading at $18.82, down $0.81 or 4.13% from their previous close at $19.63 on Friday. The shares opened at $19.50 in the morning and in the 52-week period, the shares have moved between $11.30 and $20.24

Read the original article on RTTNews ( https://www.rttnews.com/3210005/knot-shares-down-4-amid-gas-price-increase.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved