Kuwait city: The price of Kuwaiti crude oil saw a decrease of 83 cents, settling at USD 68.80 per barrel on Monday. This follows a previous price of USD 69.63 per barrel on Friday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday.
According to Kuwait News Agency, the global oil market also experienced a downward trend, with Brent crude and West Texas Intermediate prices decreasing by 32 and 19 cents, respectively. These declines brought Brent crude to USD 65.62 per barrel and West Texas Intermediate to USD 61.31 per barrel.