Kuwait city: The price of Kuwaiti oil increased by 61 cents to reach USD 64.87 per barrel on Friday, as reported by the Kuwait Petroleum Corporation (KPC) on Saturday. This marks a rise from the previous price of USD 64.26 per barrel on Thursday.
According to Kuwait News Agency, while Kuwaiti oil prices saw an increase, global oil markets exhibited a downward trend. Brent crude prices fell by 14 cents, resulting in a price of USD 63.20 per barrel. Similarly, the West Texas Intermediate experienced a decline of 10 cents, bringing its price to USD 58.55 per barrel.