Kuwait city: The price of Kuwaiti oil fell by $5.24 a barrel to $114.94 in Friday's trading, down from $120.18 in the previous session, as reported by the Kuwait Petroleum Corporation (KPC).
According to Qatar News Agency, this decrease in Kuwaiti oil prices comes amidst a broader trend in global markets where Brent crude futures saw a decline of 95 cents, settling at $103.87 a barrel. Similarly, US West Texas Intermediate (WTI) crude futures experienced a drop of $1.61, closing at $100.30 a barrel.