Kuwait city: The price of Kuwaiti oil decreased by USD 1.72, settling at USD 63.43 per barrel on Monday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This marks a decline from the previous rate of USD 65.15 per barrel recorded last Thursday.
According to Kuwait News Agency, while Kuwaiti oil prices saw a decrease, global markets experienced an increase in oil prices. The price of Brent crude rose by 81 cents, reaching USD 63.37 per barrel. Similarly, West Texas Intermediate saw a rise of 78 cents, bringing its price to USD 58.84 per barrel.