Taipei:The price of Kuwaiti oil experienced a significant increase, rising by $3.99 to reach $114.76 per barrel in Friday's trading. This marks a notable uptick compared to the previous day's price of $110.77, as reported by the Kuwait Petroleum Corporation.

According to Qatar News Agency, in the global markets, Brent crude futures saw an increase of $2.30, reaching $113.10 per barrel. Similarly, US West Texas Intermediate (WTI) futures rose by 95 cents, closing at $102.95 per barrel.