Kuwait city: The price of Kuwaiti oil experienced a decrease of USD 1.02, settling at USD 70.65 per barrel on Wednesday. This decline follows a previous price of USD 71.67 per barrel on Tuesday, as reported by the Kuwait Petroleum Corporation (KPC) on Thursday.
According to Kuwait News Agency, the global oil market saw contrasting movements. Brent crude saw an increase of 83 cents, reaching USD 68.05 per barrel. Similarly, West Texas Intermediate rose by 90 cents, bringing its price to USD 64.15 per barrel.