Kuwait city: The price of Kuwaiti oil experienced an increase of 47 cents, bringing the price to USD 69.78 per barrel during Tuesday's trading session. This marks a rise from Monday's figure of USD 69.31 per barrel.
According to Kuwait News Agency, the Kuwait Petroleum Corporation (KPC) reported these figures on Wednesday, highlighting the changes in oil prices both locally and globally. In contrast, the price of Brent crude witnessed a decrease of 51 cents, settling at USD 66.12 per barrel. Similarly, West Texas Intermediate crude saw a decline of 79 cents, reaching USD 63.17 per barrel.