Kuwait city: The price of Kuwaiti oil has decreased by 61 cents, reaching US$70.92 per barrel on Monday. This is a reduction from the previous price of US$71.53 per barrel last Friday.
According to Emirates News Agency, global market trends also showed a decline in oil prices. Brent crude experienced a drop of 11 cents, settling at US$66.57 per barrel. Similarly, the price of West Texas Intermediate saw a reduction of four cents, priced at US$62.64 per barrel. The Kuwait Petroleum Corporation provided the latest figures for Kuwaiti oil prices, reflecting changes in the international oil landscape.