Kuwait city: The price of Kuwaiti oil dropped by USD 2.56 to USD 72.47 per barrel on Monday, as announced by the Kuwait Petroleum Corporation on Tuesday. This marks a decrease from Friday's price of USD 75.03 per barrel.
According to Kuwait News Agency, the global market also saw a decline in the prices of Brent crude and West Texas Intermediate. Brent crude decreased by 91 cents, settling at USD 68.76 per barrel, while West Texas Intermediate dropped by USD 1.04, closing at USD 66.29 per barrel.