Kuwait City: The price of Kuwaiti oil increased by 34 cents, reaching USD 70.94 per barrel on Monday, compared to USD 70.60 per barrel last Thursday, as reported by the Kuwait Petroleum Corporation on Tuesday.
According to Kuwait News Agency, the global oil market saw a decline in prices for other benchmarks. Brent crude fell by USD 1.70, settling at USD 66.26 per barrel, while West Texas Intermediate decreased by USD 1.60, ending at USD 63.08 per barrel.