Kuwait city: The price of Kuwaiti oil has decreased by 54 cents, reaching USD 61.43 per barrel on Wednesday. This decline is in comparison to the previous day's price of USD 61.97 per barrel, as reported by the Kuwait Petroleum Corporation (KPC).
According to Kuwait News Agency, while the Kuwaiti oil price saw a drop, global markets experienced an increase in oil prices. Brent crude rose by 27 cents to reach USD 62.21 per barrel, and the West Texas Intermediate increased by 21 cents, bringing its price to USD 58.46 per barrel.