Kuwait City: The price of Kuwaiti oil increased by 38 cents, reaching USD 73.57 per barrel on Monday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This marks a significant rise from USD 37.19 per barrel last Friday.
According to Kuwait News Agency, the global oil market displayed contrasting trends, with Brent crude experiencing a drop of one dollar, settling at USD 37.23 per barrel. Meanwhile, West Texas Intermediate saw a decrease of USD 1.21, reaching USD 71.77 per barrel.