Kuwait city: The price of Kuwaiti crude oil increased by 62 cents, reaching USD 60.17 per barrel. This marks a rise from the previous price of USD 59.55 per barrel on Friday, as reported by Kuwait Petroleum Corporation (KPC) on Tuesday.
According to Kuwait News Agency, global markets also experienced an upward trend in oil prices. Brent crude futures rose by 53 cents, bringing the price to USD 63.87 per barrel. Meanwhile, U.S. West Texas Intermediate crude futures saw an increase of 38 cents, reaching USD 59.50 per barrel.