Kuwait City: The price of Kuwaiti oil has experienced a decrease, dropping by USD 1.9 to reach USD 77.25 per barrel on Monday. This decline contrasts with the price recorded last Friday, which stood at USD 79.15 per barrel, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday.
According to Kuwait News Agency, the global market witnessed a slight increase in the prices of Brent crude and West Texas Intermediate. Brent crude saw a rise of 35 cents, settling at USD 74.78 per barrel, while West Texas Intermediate increased by 30 cents to settle at USD 70.70 per barrel.