Kuwait city: The price of Kuwaiti oil increased by USD 1.96 a barrel, reaching USD 126.30 in Wednesday's trading session. This is an increase from USD 124.34 in the previous trading session, as announced by the Kuwait Petroleum Corporation (KPC).
According to Qatar News Agency, the global oil market saw a different trend with Brent crude futures decreasing by USD 2.92, settling at USD 105.83 a barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures experienced a decline of USD 3.40, bringing the price down to USD 102.43 a barrel.