Kuwait city: Kuwait crude oil experienced a drop of 51 cents during Tuesday's trading, settling at USD 70.88 per barrel from the previous day's USD 71.39 per barrel, as reported by the Kuwait Petroleum Corporation (KPC) on Wednesday.
According to Kuwait News Agency, the decline in Kuwait crude oil prices was accompanied by decreases in other major oil benchmarks. Brent futures saw a reduction of 95 cents, reaching USD 67.02 per barrel, while West Texas Intermediate fell by USD 1.08 to USD 62.37 per barrel.