Kuwait city: The price of Kuwaiti oil decreased by USD 1.61, settling at USD 63.33 per barrel on Monday. This decline was noted in comparison to the price on Friday, which was USD 64.94, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday.
According to Kuwait News Agency, the global oil market also experienced a downturn. Brent crude saw a significant drop of USD 3.54, bringing its price to USD 67.09 per barrel. Additionally, the price of West Texas Intermediate fell by USD 2.23, reaching USD 62.99 per barrel.