Doha: The Kuwaiti oil price increased by USD 1.20, reaching USD 65.53 per barrel (pb) on Friday, as reported by the Kuwait Petroleum Corporation (KPC) on Saturday. This rise contrasts with the previous day's price of USD 64.33 pb, reflecting changes in the oil market.
According to Kuwait News Agency, global markets also witnessed an uptick in oil prices. Brent crude experienced an increase of USD 1.38, bringing its price to USD 64.39 pb. Similarly, West Texas Intermediate saw a rise of USD 1.40, with its price reaching USD 60.09 pb. These changes indicate a broader trend in the oil market, affecting various benchmarks globally.