Kuwait city: The price of Kuwaiti oil increased by USD 2.42, reaching USD 106.24 per barrel in Tuesday's trading session. This marks a rise from the previous session's price of USD 103.82 per barrel, as per the latest figures released by the Kuwait Petroleum Corporation (KPC).

According to Qatar News Agency, global markets also saw an upward trend in oil prices. Brent crude futures rose by USD 1.16, settling at USD 94.25 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures experienced an increase of USD 0.76, closing at USD 91.30 per barrel.