Kuwait city: The price of Kuwaiti oil experienced a decrease of USD 1.31, settling at USD 59.13 per barrel on Tuesday, as reported by the Kuwait Petroleum Corporation on Wednesday. This marks a decline from the previous day's price of USD 60.44 per barrel.
According to Kuwait News Agency, the global oil market also saw a downward trend. Brent Crude fell by USD 1.64, reaching USD 58.92 per barrel. Similarly, West Texas Intermediate saw a decrease of USD 1.55, bringing its price down to USD 55.27 per barrel.