Kuwait city: The price of Kuwait oil experienced a slight decline, decreasing by three cents to reach USD 70.07 per barrel, as reported by the Kuwait Petroleum Corporation (KPC) on Saturday. This change comes after the price stood at USD 70.10 per barrel on the previous day.
According to Kuwait News Agency, the decline in Kuwait oil prices mirrors movements in the global oil market. Brent futures saw a reduction of 50 cents, settling at USD 68.30 per barrel. Similarly, West Texas Intermediate witnessed a decrease of 50 cents, bringing the price down to USD 66.50 per barrel. These fluctuations reflect ongoing trends and developments within the international oil industry.