Kuwait City: The price of Kuwaiti oil experienced a rise of 14 cents, reaching USD 78.45 per barrel on Monday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This marks an increase from the previous price of USD 78.31 per barrel recorded last Friday.
According to Kuwait News Agency, the global oil market also saw upward trends, with Brent crude future contracts rising by USD 1.21 to USD 75.87 per barrel. Similarly, West Texas Intermediate future contracts increased by USD 1.32, reaching USD 72.32 per barrel.