Kuwait city: The price of Kuwaiti oil experienced an increase, reaching USD 72.39 per barrel. This marks a rise of USD 1.31 from the previous day's price of USD 71.08 per barrel, as noted by the Kuwait Petroleum Corporation (KPC) on Thursday.
According to Kuwait News Agency, global oil markets also saw minor increases. Brent Crude rose by 4 cents, bringing its price to USD 70.19 per barrel, while West Texas Intermediate increased by 5 cents, reaching USD 68.38 per barrel. These developments reflect shifts in the international oil landscape, impacting local and global economies alike.