Kuwait city: The price of Kuwaiti oil increased by nine cents on Monday, reaching US$71.33 per barrel (pb), compared to US$71.24 last Friday, as reported by the Kuwait Petroleum Corporation on Tuesday.

According to Emirates News Agency, the prices of Brent Crude and West Texas Intermediate in global markets also saw increases. Brent Crude rose by $1.07, settling at $68.80 per barrel, while West Texas Intermediate increased by $1.14, reaching $64.80 pb.