Kuwait city: The price of Kuwaiti oil experienced a decrease of 14 cents, reaching US$65.39 per barrel on Monday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. This marks a decline from the previous price of US$65.53 per barrel recorded on Friday.

According to Emirates News Agency, the global oil markets also saw reductions in prices. Brent Crude fell by 19 cents, settling at $64.20 per barrel, while West Texas Intermediate decreased by 18 cents, ending at $59.91 per barrel.