Kuwait City: The price of Kuwaiti oil rose by USD 2.14 to reach USD 62.08 per barrel on Tuesday, up from USD 59.94 per barrel the previous day, announced the Kuwait Petroleum Corporation (KPC) on Wednesday.
According to Kuwait News Agency, the global market also saw an increase in oil prices, with Brent crude rising by USD 1.92 to settle at USD 62.15 per barrel. Similarly, the price of West Texas Intermediate increased by USD 1.96, reaching USD 59.09 per barrel.