Kuwait city: The Kuwait Petroleum Corporation (KPC) announced that the price of Kuwait's crude oil fell by USD 1.97 per barrel. KPC noted that Kuwaiti crude traded at USD 107.95 per barrel on Thursday, a decrease from USD 109.92 per barrel during the previous trading session.
According to Qatar News Agency, the decline in Kuwaiti crude prices aligns with global market trends, where Brent crude futures decreased by USD 2.78 to settle at USD 95.03 per barrel. Similarly, West Texas Intermediate (WTI) crude futures saw a reduction of USD 2.98, bringing the price to USD 93.04 per barrel.