Doha:The price of Kuwaiti oil rose significantly by $7.17, reaching $113.47 per barrel during Thursday's trading. This is an increase from the previous day's price of $106.30, as reported by the Kuwait Petroleum Corporation.
According to Qatar News Agency, the global oil markets also experienced price hikes. Brent crude futures saw an increase of $3.52, reaching $106.60 per barrel. Similarly, US West Texas Intermediate (WTI) crude futures rose by $2.45, settling at $94.61 per barrel.