Kuwait city: The price of Kuwaiti oil increased by 35 cents to USD 63.04 per barrel on Friday, as reported by Kuwait Petroleum Corporation (KPC) on Saturday. This marks an increase from the previous day's price of USD 62.69 per barrel.
According to Kuwait News Agency, global markets also experienced a rise in oil prices. Brent crude increased by 49 cents, reaching USD 63.75 per barrel, while the West Texas Intermediate saw a rise of 41 cents, reaching USD 60.08 per barrel.