Kuwait city: The price of Kuwaiti oil dropped by USD 4.15 to USD 79.44 per barrel in Thursday's trading, compared to USD 83.59 pb in the previous session, according to figures released by the Kuwait Petroleum Corporation (KPC).

According to Qatar News Agency, in global markets, Brent crude futures dropped USD 3.34 to settle at USD 73.74 per barrel, while US West Texas Intermediate (WTI) crude futures dropped by USD 2.87 to reach USD 70.34 pb.