Kuwait city: The price of Kuwaiti oil increased by USD 1.38, reaching USD 73.08 per barrel on Monday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This represents a rise from the previous price of USD 71.70 per barrel last Friday.
According to Kuwait News Agency, global oil markets also witnessed an increase in prices. The Brent Crude oil price rose by 45 cents, reaching USD 67.44 per barrel, while the West Texas Intermediate saw an increase of 61 cents, bringing its price to USD 63.30 per barrel.