Kuwait city: The price of a barrel of Kuwaiti oil fell by USD 1.25, reaching USD 62.52 per barrel in trading on Friday, compared to USD 63.77 on Thursday.

According to Qatar News Agency, this decrease comes amid contrasting movements in global oil markets. The settlement price of Brent crude futures rose by 23 cents to USD 61.29 a barrel. Similarly, US West Texas Intermediate crude futures experienced a slight increase of 8 cents, bringing the price to USD 57.54 per barrel.