Kuwait City: Kuwait crude oil experienced an increase of USD 1.97 during Wednesday's trading, resulting in a price of USD 64.05 per barrel, compared to USD 62.08 per barrel the previous day, as reported by the Kuwait Petroleum Corporation (KPC) on Thursday.
According to Kuwait News Agency, the rise in Kuwait crude oil prices comes amidst a backdrop of declining prices in the broader oil market. Brent futures saw a decrease of USD 1.03, bringing the price to USD 61.12 per barrel. Similarly, West Texas Intermediate recorded a drop of USD 1.02, settling at USD 58.07 per barrel.