Kuwait city: The price of Kuwaiti oil increased by USD 1.22, reaching USD 66.40 per barrel on Tuesday, as reported by the Kuwait Petroleum Corporation (KPC) on Wednesday. This rise is notable compared to the previous day's price of USD 65.18 per barrel.
According to Kuwait News Agency, the global oil market experienced a different trend, with the price of Brent crude decreasing by 24 cents, bringing it to USD 68.80 per barrel. Additionally, the West Texas Intermediate saw a reduction of 40 cents, settling at USD 63.96 per barrel.