Kuwait city: The price of Kuwaiti oil rose by nine cents on Monday, reaching USD 71.33 per barrel, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This marks a slight increase from the previous price of USD 71.24 per barrel recorded last Friday.
According to Kuwait News Agency, the global market also saw a rise in the prices of Brent Crude and West Texas Intermediate. Brent Crude increased by USD 1.07, reaching USD 68.80 per barrel, while West Texas Intermediate went up by USD 1.14, settling at USD 64.80 per barrel.