Kuwait City: The price of Kuwaiti oil increased by four cents to reach US$77.40 per barrel on Wednesday, as reported by the Kuwait Petroleum Corporation (KPC) on Thursday. This marks a slight rise from the previous day’s price of US$77.36 per barrel.
According to Emirates News Agency, the global oil market also saw upward movement. Brent crude experienced a rise of 77 cents, closing at $73.79 per barrel. Meanwhile, West Texas Intermediate (WTI) noted a gain of 65 cents, settling at $69.65 per barrel.