Tehran: The price of Kuwait crude oil experienced a significant decrease, dropping by USD 6.98 during Tuesday's trading session. The new price stood at USD 69.98 per barrel, down from USD 76.32 per barrel on Monday, as reported by the Kuwait Petroleum Corporation (KPC) on Wednesday.
According to Kuwait News Agency, this decline in Kuwait's crude oil price coincided with decreases in other major benchmarks. Brent crude saw a reduction of USD 4.34, bringing its price down to USD 67.14 per barrel. Similarly, West Texas Intermediate crude fell by USD 4.14, reaching USD 64.37 per barrel.