Kuwait city: The Kuwait crude oil price experienced a decrease of US$1.28 during Tuesday’s trading session, settling at US$66.11 per barrel. This is a decline from the previous day’s price of US$67.39 per barrel, as reported by the Kuwait Petroleum Corporation (KPC) on Wednesday.

According to Emirates News Agency, the decline in Kuwait’s oil price was mirrored in other global benchmarks. Brent futures saw a decrease of 45 cents, bringing the price to $64.44 per barrel. Similarly, West Texas Intermediate experienced a drop of 49 cents, reaching $60.56 per barrel. These shifts in oil prices reflect the ongoing fluctuations in the global oil market.