Kuwait City: The price of Kuwaiti oil experienced an increase of 70 cents, reaching USD 65.36 per barrel on Tuesday, as reported by the Kuwait Petroleum Corporation (KPC) on Wednesday. This marks a rise from the previous day’s price of USD 64.66 per barrel.
According to Kuwait News Agency, the global oil market saw a slight decrease in the prices of Brent crude and West Texas Intermediate. Brent crude declined by 16 cents, settling at USD 65.38 per barrel, while West Texas Intermediate saw a reduction of 13 cents, bringing its price to USD 62.56 per barrel.