Kuwait city: The price of Kuwaiti oil decreased by USD 1.09, settling at USD 57.05 per barrel on Wednesday. This follows the previous day's price of USD 58.14, as reported by the Kuwait Petroleum Corporation (KPC).
According to Kuwait News Agency, global oil markets also experienced a decline. The price of Brent crude decreased by 74 cents, reaching USD 59.96 per barrel. Similarly, the West Texas Intermediate saw a drop of USD 1.14, bringing its price to USD 55.99 per barrel.