Kuwait city: The Kuwaiti oil price experienced a decrease of USD 2.04, settling at USD 57.03 per barrel on Tuesday. This decline follows a previous rate of USD 59.07 per barrel recorded last Friday, as reported by the Kuwait Petroleum Corporation (KPC) on Saturday.
According to Kuwait News Agency, while the Kuwaiti oil price saw a decline, global markets observed an increase in oil prices. Brent crude rose by USD 1.01, reaching USD 61.76 per barrel. Similarly, the price of West Texas Intermediate increased by USD one, bringing it to USD 58.32 per barrel.