Abu Dhabi: The price of Kuwaiti oil rose by 15 cents to reach US$78.58 per barrel on Wednesday, as reported by the Kuwait Petroleum Corporation (KPC) on Thursday. This marks a slight increase from the previous day's price of US$78.43 per barrel.
According to Emirates News Agency, the global oil market also experienced price increases. Brent crude saw a rise of 46 cents, settling at $74.95 per barrel, while West Texas Intermediate increased by 51 cents, closing at $71.71 per barrel.