Kuwait city: The price of Kuwaiti oil increased by 63 cents to reach USD 59.55 per barrel on Thursday, as reported by the Kuwait Petroleum Corporation (KPC) on Friday. This marks a rise from the previous day's price of USD 58.92 per barrel.
According to Kuwait News Agency, the global oil market also saw an upward trend. Brent Crude experienced an increase of 14 cents, reaching USD 59.82 per barrel. Meanwhile, West Texas Intermediate rose by 21 cents to USD 56.15 per barrel.