Kuwaiti Crude Oil Price Increases by 18 Cents to USD 77.64 per Barrel

Kuwait City: The Kuwaiti crude oil price experienced an increase of 18 cents during Friday's trading, reaching USD 77.64 per barrel (pb) from the previous day's USD 77.46 pb, as reported by the Kuwait Petroleum Corporation (KPC) on Saturday. According to Kuwait News Agency, Brent futures also saw a rise, increasing by USD 1.84 to USD 77.01 per barrel. Additionally, West Texas Intermediate experienced a modest increase of 21 cents, bringing its price to USD 74.93 per barrel. These price changes highlight the fluctuations in the global oil markets, impacting various types of crude oil differently. The rise in Kuwait's crude oil price reflects ongoing developments in the energy sector and its influence on global oil pricing.