Kuwait city: The Kuwaiti oil price experienced an increase of 79 cents, reaching USD 71.65 per barrel on Thursday. This rise comes after the oil price was recorded at USD 70.86 per barrel on Wednesday, as reported by the Kuwait Petroleum Corporation (KPC) on Friday.
According to Kuwait News Agency, the rise in Kuwaiti oil prices aligns with global trends in the oil market. Brent crude saw an increase of 67 cents, bringing its price to USD 69.18 per barrel. Similarly, the price of West Texas Intermediate crude rose by 78 cents, reaching USD 66.03 per barrel.