KUWAIT CITY, April 25 — The price of Kuwaiti crude oil dropped by $1.79 on Thursday, reaching $70.38 per barrel, down from $72.17 the previous day, according to the Kuwait Petroleum Corporation.Stay updated on Kuwait’s latest news and job openings by following our WhatsApp channel!https://whatsapp.com/channel/0029VaCkXo25q08jnKrRwo27
In contrast, international oil markets witnessed slight gains. Brent crude futures rose by 43 cents to settle at $66.55 per barrel, while U.S. West Texas Intermediate (WTI) crude futures increased by 52 cents to $62.79.
The decline in Kuwait’s oil price comes amid ongoing fluctuations in global energy markets, influenced by economic data, supply-demand dynamics, and geopolitical developments.