Kuwait City: The price of Kuwaiti oil experienced a significant decrease, falling by US$5.95 to US$67.01 per barrel on Monday, compared to Friday's price of US$72.96 per barrel, as announced by the Kuwait Petroleum Corporation (KPC) on Tuesday.
According to Emirates News Agency, the global markets also saw a decline in the prices of Brent Crude and West Texas Intermediate. Brent Crude dropped by $1.37 to $64.21 per barrel, while West Texas Intermediate decreased by $1.29 to $60.70 per barrel.