Kuwait city: The Kuwaiti crude oil price experienced a decrease of USD 1.25, bringing it down to USD 62.52 per barrel. This change was noted on Friday, as the price fell from the previous day’s rate of USD 63.77 per barrel.
According to Kuwait News Agency, the Kuwait Petroleum Corporation (KPC) confirmed this drop in price on Saturday. In contrast, international oil benchmarks saw slight increases. Brent futures rose by 23 cents, reaching USD 61.29 per barrel, while West Texas Intermediate saw an uptick of eight cents, moving to USD 57.54 per barrel.