Kuwait city: The price of Kuwaiti oil dropped by 66 cents to $71.59 per barrel on Monday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This decline comes after the price stood at $72.25 per barrel on the previous Friday.
According to Emirates News Agency, the fluctuations in global oil prices also reflected in the Brent Crude and West Texas Intermediate benchmarks. Brent Crude experienced a decrease of $1.60, settling at $70.04 per barrel. In contrast, West Texas Intermediate saw an increase of $1.55, reaching $66.81 per barrel. These changes highlight the ongoing volatility in the global oil markets.
