Kuwait: The Kuwaiti oil price rose by 78 cents to USD 71.92 per barrel on Wednesday, compared with USD 71.14 per barrel on Tuesday, Kuwait Petroleum Corporation (KPC) said on Thursday. According to Kuwait News Agency, globally, Brent crude went up by USD 1.43 to USD 72.55 per barrel, and West Texas Intermediate crude rose by USD 1.4 to USD 68.61 per barrel. The U.S. Energy Information Administration (EIA), responsible for the U.S. government's energy policy, announced on Wednesday that U.S. gasoline inventories fell to their lowest level in two years last week due to increased demand. Furthermore, it noted that crude imports from Saudi Arabia dropped to their lowest level since 2021, and imports from Canada, Iraq, Colombia, and Brazil also went down in the same week. Source: Kuwait News Agency
