Kuwait city: The price of Kuwait oil increased by USD 1.06, reaching USD 72.77 per barrel on Monday. This rise comes after the previous price of USD 71.71 per barrel last Friday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday.
According to Kuwait News Agency, the global market prices for Brent crude and West Texas Intermediate also saw an increase. Both types of crude rose by 67 cents, with Brent crude reaching USD 68.15 per barrel and West Texas Intermediate at USD 64.68 per barrel.