Kuwait city: The price of Kuwaiti oil experienced a rise of USD 4.36, reaching USD 76.03 per barrel in Wednesday's trading session. This marks an increase from the previous session's price of USD 71.67 per barrel, as reported by the Kuwait Petroleum Corporation (KPC).
According to Qatar News Agency, the global markets also saw an upward trend in oil prices. Brent crude futures rose by USD 3.86, settling at USD 78.02 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures increased by USD 3.08, reaching USD 73.52 per barrel.