Kuwait city: The price of Kuwaiti crude oil increased by $4.97, reaching $78.21 per barrel in Tuesday's trading session. This marks a rise from the previous session on Monday, where the price stood at $73.24 per barrel. The figures were released by the Kuwait Petroleum Corporation.

According to Qatar News Agency, in contrast to the rise in Kuwaiti crude, global markets experienced a decrease in oil prices. Brent crude futures saw a decline of $4.41, bringing the price down to $79.36 per barrel. Similarly, the US West Texas Intermediate (WTI) crude futures fell by $4.57, resulting in a price of $75.77 per barrel.