Kuwait city: The price of Kuwaiti oil recorded an increase of 19 cents, reaching USD 66.89 per barrel on Tuesday. This marked a rise from Monday's price of USD 66.70 per barrel, as reported by the Kuwait Petroleum Corporation (KPC).
According to Kuwait News Agency, while the Kuwaiti oil price saw an upward trend, global markets showed mixed movements. The price of Brent crude experienced a slight decline of 2 cents, settling at USD 65.45 per barrel. Meanwhile, the West Texas Intermediate saw a minor increase of 4 cents, bringing its price to USD 61.73 per barrel.