Kuwait city: The price of Kuwaiti oil dropped by USD 1.38, settling at USD 64.73 per barrel on Monday, in comparison to Friday's rate of USD 66.11 per barrel.
According to Kuwait News Agency, this decrease was noted by the Kuwait Petroleum Corporation (KPC) on Tuesday. Meanwhile, on the global market, Brent crude experienced an increase of 59 cents, reaching USD 63.32 per barrel. Similarly, West Texas Intermediate saw a rise, moving up to USD 59.49 per barrel.