Kuwait city: The price of Kuwaiti crude has decreased by 55 cents, settling at USD 65.66 per barrel on Wednesday. This marks a reduction from the previous price of USD 66.21 per barrel last Tuesday, as reported by the Kuwait Petroleum Corporation (KPC) on Thursday. According to Kuwait News Agency, this decline in Kuwaiti crude prices contrasts with the global trends observed in other major oil benchmarks. Brent crude prices saw an increase of 52 cents, reaching USD 64.92 per barrel. Similarly, the price of West Texas Intermediate crude rose by 33 cents, reaching USD 60.48 per barrel. The fluctuations in oil prices are closely monitored by energy markets and can have significant implications for economies dependent on oil exports. The changes in Kuwaiti crude prices are part of broader trends in the global oil market.
