Kuwait city: The price of Kuwaiti oil decreased by 43 cents to USD 62.97 per barrel on Tuesday after being at USD 63.40 per barrel the day before, said the Kuwait Petroleum Corporation (KPC) on Wednesday.
According to Kuwait News Agency, in global markets, Brent crude and the West Texas Intermediate experienced declines as well, with each going down by 72 cents and 68 cents to settle at USD 62.45 per barrel and USD 58.64 per barrel, respectively.