Kuwait city: The price of Kuwaiti crude oil experienced a rise of 25 cents, reaching USD 71.24 per barrel (pb) on Friday, as reported by Kuwait Petroleum Corporation (KPC) on Saturday. This marks an increase from USD 70.99 pb recorded on Thursday.
According to Kuwait News Agency, the global oil market also witnessed price adjustments. Brent crude saw a minor increase of six cents, bringing its price to USD 67.73 pb. Meanwhile, West Texas Intermediate crude rose by 14 cents, reaching USD 63.66 pb.