Kuwaiti Oil Price Rises by $1.10

Kuwait city: The price of Kuwaiti crude oil rose by $1.10 to reach $71.08 per barrel on Tuesday, up from $69.98 per barrel the previous day, according to the Kuwait Petroleum Corporation (KPC) on Wednesday.

According to Qatar News Agency, on global markets, Brent crude increased by 57 cents to $70.15 per barrel, while West Texas Intermediate rose by 40 cents to $68.33 per barrel.