Kuwait City: The price of Kuwaiti oil declined by 40 cents, reaching USD 69.54 per barrel on Monday in comparison to USD 69.94 per barrel last Friday, as reported by the Kuwait Petroleum Corporation (KPC) on Thursday.
According to Kuwait News Agency, the decrease in Kuwaiti oil prices aligns with global trends. The price of Brent crude also experienced a decrease of USD 1.01, bringing it to USD 65.86 per barrel. Similarly, the price of West Texas Intermediate fell by 97 cents, resulting in a price of USD 62.05 per barrel.