Kuwait city: The price of Kuwaiti oil increased by USD 1.19, reaching USD 62.15 per barrel during Monday's trading, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This marks a rise from the previous day's price of USD 60.96 per barrel.
According to Kuwait News Agency, the global oil markets experienced a decline in prices. Brent crude futures decreased by 29 cents, settling at USD 65.59 per barrel. Similarly, US West Texas Intermediate crude futures dropped by 44 cents, ending at USD 60.63 per barrel.