Kuwait city: The price of Kuwaiti oil experienced a decrease of 14 cents, reaching USD 65.39 per barrel on Monday. This slight dip is in comparison to the price of USD 65.53 per barrel recorded last Friday, as reported by Kuwait Petroleum Corporation (KPC) on Tuesday.
According to Kuwait News Agency, the trend of falling prices was also observed in global markets. Brent Crude and West Texas Intermediate saw decreases of 19 and 18 cents, respectively. The prices settled at USD 64.20 per barrel for Brent Crude and USD 59.91 per barrel for West Texas Intermediate.