Kuwait city: The price of Kuwaiti oil experienced a decrease of USD 1.64, settling at USD 61.97 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 63.61 per barrel.
According to Kuwait News Agency, the decline in Kuwaiti oil prices aligns with trends in global markets. Brent crude saw a reduction of 55 cents, bringing its price to USD 61.94 per barrel. Similarly, the West Texas Intermediate decreased by 63 cents, reaching USD 58.25 per barrel.