Kuwait city: The price of Kuwaiti oil has decreased by USD 1.35, reaching USD 71.39 per barrel, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This marks a drop from the previous price of USD 72.74 per barrel recorded last Friday.
According to Kuwait News Agency, the downward trend is also observed in global markets. Brent crude experienced a reduction of USD 2.16, reaching USD 67.97 per barrel. Similarly, the West Texas Intermediate saw a decline of USD 2.27, settling at USD 63.45 per barrel.