Kuwait city: The price of Kuwaiti oil recorded a decline of 26 cents, settling at USD 71.34 per barrel on Friday. This decrease comes as a slight drop from the previous rate of USD 71.60 per barrel on Thursday, as reported by Kuwait Petroleum Corporation (KPC) on Saturday.
According to Kuwait News Agency, the global oil market also witnessed a downward trend. Brent crude prices fell by USD 1.49, reaching USD 65.50 per barrel. Similarly, West Texas Intermediate experienced a reduction of USD 1.61, with its price settling at USD 61.87 per barrel.