Kuwait city: The price of Kuwaiti oil decreased by 61 cents, reaching USD 70.92 per barrel on Monday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This marks a decline from the previous price of USD 71.53 per barrel recorded last Friday.
According to Kuwait News Agency, global oil markets also experienced a decrease in prices. Brent crude fell by 11 cents to USD 66.57 per barrel. In parallel, West Texas Intermediate registered a decline of four cents, settling at USD 62.64 per barrel.