Doha: The price of Kuwaiti oil increased by $1.87, reaching $124.03 per barrel in Friday's trading session. This is an increase from $122.16 per barrel in the previous trading session, as reported by the Kuwait Petroleum Corporation (KPC).

According to Qatar News Agency, the global oil market also saw gains. Brent crude futures rose by $3.54, settling at $109.26 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures increased by $4.25, closing at $105.42 per barrel.