Kuwait city: The price of Kuwaiti crude oil has decreased by 82 cents, settling at USD 71.65 per barrel on Tuesday. This marks a decline from the previous day's price of USD 72.47 per barrel, as reported by the Kuwait Petroleum Corporation (KPC) on Wednesday.
According to Kuwait News Agency, the global oil market also experienced a decrease in prices. Brent crude saw a reduction of USD 1.12, bringing its price to USD 67.64 per barrel. Similarly, West Texas Intermediate crude experienced a drop of USD 1.13, with the new price standing at USD 65.16 per barrel.