Kuwait city: The price of Kuwaiti oil decreased by USD 1.09, settling at USD 57.05 per barrel on Wednesday, in contrast to USD 58.14 the previous day, as reported by the Kuwait Petroleum Corporation (KPC).
According to Qatar News Agency, the global oil market also experienced price declines. The price of Brent crude fell by 74 cents, bringing it to USD 59.96 per barrel. Similarly, the West Texas Intermediate saw a reduction of USD 1.14, reaching USD 55.99 per barrel.