Kuwait City: The Kuwaiti crude oil price experienced a decline of USD 2.60 during Wednesday's trading, reaching USD 64.82 per barrel, compared to USD 67.42 per barrel the preceding day, as reported by the Kuwait Petroleum Corporation (KPC) on Thursday.
According to Kuwait News Agency, the decrease in the Kuwaiti crude oil price was part of a broader trend in the oil market. Brent futures also saw a reduction, falling by USD 1.13 to settle at USD 63.12 per barrel. Meanwhile, West Texas Intermediate (WTI) observed a drop of USD 2.21, bringing its price down to USD 58.21 per barrel.
The fluctuations in oil prices reflect ongoing market dynamics and trading activities. The Kuwait Petroleum Corporation continues to monitor these changes closely as they impact the national economy.