Kuwait city: The price of Kuwaiti crude oil saw an increase of USD 1.31, reaching USD 72.39 per barrel on Wednesday, up from the previous day’s price of USD 71.08 per barrel.

According to Qatar News Agency, this increase was reported by the Kuwait Petroleum Corporation (KPC). In the global markets, Brent crude experienced a rise of 4 cents, reaching USD 70.19 per barrel. Meanwhile, West Texas Intermediate increased by 5 cents, reaching USD 68.38 per barrel.