Kuwait city: The price of Kuwaiti oil decreased by US$1.35, settling at US$71.39 per barrel on Monday, as reported by the Kuwait Petroleum Corporation on Tuesday. This marks a decline from the previous price of US$72.74 per barrel recorded last Friday.
According to Emirates News Agency, the global oil market also experienced a downturn. Brent crude saw a reduction of US$2.16, bringing its price to US$67.97 per barrel. Similarly, West Texas Intermediate faced a decrease of US$2.27, reaching US$63.45 per barrel.