Kuwait City: The price of Kuwaiti oil decreased by 49 cents to USD 83.09 per barrel on Tuesday, as reported by the Kuwait Petroleum Corporation (KPC) on Wednesday. This marks a drop from the previous day's price of USD 83.58 per barrel.
According to Kuwait News Agency, the global oil market also experienced declines. Brent crude fell by 86 cents to USD 79.29 per barrel, while West Texas Intermediate saw a decrease of USD 1.99, settling at USD 75.89 per barrel.