Kuwait City: The price of Kuwaiti oil increased by 24 cents to reach USD 64.26 per barrel on Tuesday, compared to USD 64.02 per barrel the previous day, as reported by the Kuwait Petroleum Corporation (KPC) on Wednesday.
According to Kuwait News Agency, while the Kuwaiti oil price saw an increase, global oil prices experienced a decrease. Brent crude prices fell by 65 cents, bringing the price to USD 64.09 per barrel. Similarly, West Texas Intermediate saw a decrease of 64 cents, settling at USD 60.89 per barrel.