Kuwait City: The price of Kuwaiti oil increased by USD 1.04 to reach USD 66.40 per barrel on Wednesday, compared to USD 65.36 per barrel the previous day, as reported by the Kuwait Petroleum Corporation (KPC) on Thursday.
According to Kuwait News Agency, while the price of Kuwaiti oil saw an increase, the global prices for Brent crude and West Texas Intermediate experienced a decline. Brent crude dropped by 47 cents to USD 64.91 per barrel, and West Texas Intermediate decreased by 46 cents, settling at USD 61.57 per barrel.