Kuwait city: The price of Kuwaiti crude oil increased by 61 cents, reaching USD 61.20 per barrel on Wednesday, as reported by the Kuwait Petroleum Corporation (KPC) on Thursday. This marks a rise from the previous day's price of USD 60.59 per barrel.
According to Kuwait News Agency, the global oil market saw a different trend, with Brent crude futures experiencing a decrease of 92 cents, settling at USD 64.55 per barrel. Similarly, U.S. West Texas Intermediate crude futures fell by 96 cents, concluding at USD 60.19 per barrel.