Kuwait city: The price of Kuwaiti oil experienced a decrease, falling by US$2.56 to reach US$72.47 per barrel on Monday. This is in comparison to the previous price of US$75.03 per barrel on Friday, as reported by the Kuwait Petroleum Corporation on Tuesday.
According to Emirates News Agency, the prices of Brent crude and West Texas Intermediate also saw a decline in the global markets. Brent crude decreased by 91 cents, settling at $68.76 per barrel, while West Texas Intermediate fell by $1.04, reaching $66.29 per barrel. The fluctuations in oil prices are being monitored closely by market analysts and stakeholders.