Kuwait city: The price of Kuwaiti oil settled at $61.47 per barrel in trading yesterday, showing a decrease compared to $62.15 per barrel on Monday.

According to Qatar News Agency, the Kuwait Petroleum Corporation (KPC) reported that the price of Kuwaiti oil fell by 68 cents per barrel. In contrast, global markets saw an increase in oil prices. Crude Brent futures rose by $1.98 to reach $67.57 per barrel, while West Texas Intermediate (WTI) crude futures increased by $1.76, settling at $62.39 per barrel.