Kuwait City: The Kuwaiti crude oil price experienced a decrease of USD 2.41 during Friday's trading, settling at USD 62.41 per barrel. This decline marks a shift from the previous day's price of USD 64.82 per barrel, as reported by the Kuwait Petroleum Corporation (KPC) on Saturday.
According to Kuwait News Agency, the drop in Kuwaiti crude was mirrored in other global oil benchmarks. Brent futures experienced a decline of 84 cents, bringing the price to USD 61.29 per barrel. Similarly, West Texas Intermediate (WTI) saw a reduction of 95 cents, with the price falling to USD 58.29 per barrel.
The decrease in crude oil prices comes amid ongoing fluctuations in the global oil market, impacting energy sectors and economic forecasts worldwide.