Kuwait city: The price of Kuwaiti crude oil increased by 70 cents to reach US$70.07 per barrel on Wednesday, as reported by the Kuwait Petroleum Corporation on Thursday. This marks a rise from Tuesday's price of US$69.37 per barrel.
According to Emirates News Agency, the global oil market also saw upward movements. The price of Brent crude went up by $1.05, reaching $66.84 per barrel. Concurrently, West Texas Intermediate crude saw an increase of 86 cents, bringing its price to $63.21 per barrel.