Kuwait city: The price of Kuwaiti oil increased by USD 1.25 to reach USD 60.49 per barrel on Monday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This marks a rise from the previous day's price of USD 59.24 per barrel.
According to Kuwait News Agency, the global oil markets also experienced price hikes. Brent Crude rose by USD 1.60 to USD 62.07 per barrel, while West Texas Intermediate increased by USD 1.49 to USD 58.01 per barrel. These changes reflect broader trends in the global oil market.