Kuwait city: The price of Kuwaiti oil increased by 90 cents, reaching USD 66.70 per barrel on Monday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This marks an increase from the previous price of USD 65.80 per barrel recorded last Friday.
According to Kuwait News Agency, the global oil market also saw price hikes. Brent crude oil rose by 94 cents to USD 65.47 per barrel. Meanwhile, the West Texas Intermediate experienced a climb of 81 cents, reaching USD 61.69 per barrel.