Kuwait city: The price of Kuwaiti oil increased by US$1.38, reaching US$73.08 per barrel on Monday, as reported by the Kuwait Petroleum Corporation on Tuesday. This marks a rise from the previous price of US$71.70 per barrel last Friday.
According to Emirates News Agency, global oil markets also saw an increase in prices. Brent Crude rose by 45 cents, reaching $67.44 per barrel. Meanwhile, West Texas Intermediate experienced a 61-cent rise, bringing its price to $63.30 per barrel.