Kuwait city: The price of Kuwaiti oil increased by USD 1.11, reaching USD 58.14 per barrel in Tuesday's trading. This is an uptick from the previous day's price of USD 57.03 per barrel.
According to Kuwait News Agency, the rise in Kuwaiti oil prices comes amidst a global decline in other major oil benchmarks. Brent crude saw a decrease of USD 1.06, bringing its price to USD 60.70 per barrel. Similarly, West Texas Intermediate crude experienced a drop of USD 1.19, settling at USD 57.13 per barrel.