Kuwait city: The price of Kuwaiti oil increased by 12 cents, reaching USD 62.69 per barrel on Thursday. This marks a slight rise from the previous day's price of USD 62.57 per barrel, as reported by the Kuwait Petroleum Corporation (KPC) on Friday.
According to Kuwait News Agency, the global oil market also saw an upward trend. Brent crude rose by 59 cents, reaching USD 63.26 per barrel, while the West Texas Intermediate increased by 72 cents, settling at USD 59.67 per barrel.