Kuwait city: The price of Kuwaiti oil decreased by 25 cents to USD 60.16 per barrel on Wednesday, as reported by the Kuwait Petroleum Corporation (KPC) on Thursday. This marks a decline from the previous price of USD 61.41 per barrel recorded on Monday.
According to Kuwait News Agency, the global markets also experienced a decrease in oil prices. Brent crude saw a reduction of 48 cents, bringing its price to USD 60.85 per barrel. Similarly, the West Texas Intermediate witnessed a decrease of 53 cents, resulting in a price of USD 57.42 per barrel.