Kuwait city: The price of Kuwaiti oil increased by 34 cents, reaching US$71.67 per barrel on Tuesday, as reported by the Kuwait Petroleum Corporation on Wednesday. This marks a rise from the previous day’s price of US$71.33 per barrel.
According to Emirates News Agency, the global market saw a decline in the prices of Brent Crude and West Texas Intermediate. Brent Crude fell by US$1.58, settling at US$67.22 per barrel, while West Texas Intermediate dropped by US$1.55, reaching US$63.25 per barrel.