Kuwait city: The Kuwaiti crude oil price experienced a significant increase of USD 4.48 during Thursday's trading, reaching USD 69.01 per barrel, as reported by the Kuwait Petroleum Corporation (KPC). This is a notable rise from Wednesday's price of USD 64.53 per barrel.
According to Kuwait News Agency, the global oil market also witnessed upward trends. Brent futures increased by USD 3.40, reaching USD 65.99 per barrel, while West Texas Intermediate saw a rise of USD 3.29, settling at USD 61.79 per barrel. The changes in global oil prices are reflective of the fluctuations in the market dynamics.