Kuwait city: The price of Kuwaiti oil rose by 65 cents, reaching USD 64.08 per barrel in trading on Tuesday, as reported by the Kuwait Petroleum Corporation on Wednesday. This marks an increase from the previous day's price of USD 64.43 per barrel.
According to Kuwait News Agency, the global oil market saw a decline in prices. Brent crude experienced a decrease of USD 1.03, bringing it to USD 62.34 per barrel. Meanwhile, West Texas Intermediate crude fell by 99 cents, settling at USD 57.85 per barrel.