Price of Barrel of Kuwaiti Oil Falls by $1.78

The price of a barrel of Kuwaiti oil fell by USD 1.78 to USD 77.70 a barrel in Monday's trading, compared to USD 79.48 in Friday's trading, according to the price announced by the Kuwait Petroleum Corporation.In global markets, US West Texas Intermediate crude futures rose by 49 cents to USD 74.04 a barrel, while Brent crude futures rose by 59 cents to USD 77.52 a barrelSource: Qatar News Agency