Kuwait city: The price of Kuwaiti crude oil decreased by USD 1.16, reaching USD 75.03 per barrel on Friday, as opposed to USD 76.19 per barrel on Thursday, reported the Kuwait Petroleum Corporation (KPC) on Saturday.
According to Kuwait News Agency, the decline in Kuwait's oil price is part of a broader trend observed globally. Brent crude oil experienced a decrease of USD 2.03, bringing its price to USD 69.67 per barrel. Similarly, West Texas Intermediate crude saw a reduction of USD 1.93, with its price settling at USD 67.33 per barrel.
The changes in oil prices reflect ongoing fluctuations in the global energy market.