Kuwait City: Kuwait crude oil nosedived USD 3.26 during Wednesday trading to reach USD 64.33 per barrel compared with USD 67.59 per barrel the day before, Kuwait Petroleum Corporation (KPC) said Thursday.
According to Kuwait News Agency, Brent futures rose by USD 2.66 to USD 65.48 per barrel, while West Texas Intermediate gained USD 2.77 to USD 62.35 per barrel. The fluctuations in oil prices followed an announcement by US President Donald Trump about a 90-day suspension of tariffs on all countries, except imports from China, which saw tariffs rise to 125 percent.