Kuwait city: The price of Kuwaiti crude oil has risen by USD 8.73, reaching USD 118.10 per barrel (pb) in Wednesday's trading. This is a notable increase from the previous session's price of USD 109.37 pb, as reported by the Kuwait Petroleum Corporation on Thursday.
According to Qatar News Agency, this price movement aligns with trends in global markets where Brent crude futures saw an increase of USD 3.90, bringing the price to USD 101.21 pb. Similarly, the US West Texas Intermediate (WTI) crude futures experienced a rise of USD 3.40, reaching USD 96.05 pb.