Kuwaiti crude falls to $113 amid global market volatility

The price of Kuwaiti crude oil declined sharply on Tuesday, dropping $9.81 to $113.13 per barrel, compared with $122.94 per barrel in the previous trading session, according to data released by the Kuwait Petroleum Corporation.

The fall in Kuwaiti crude prices mirrored broader losses in global oil markets. Brent Crude futures slipped $7.50 to $91.40 per barrel, while West Texas Intermediate crude futures dropped $7.42 to $87.35 per barrel, reports Al-Rai daily.

The decline reflects volatility in international energy markets as geopolitical tensions and expectations of potential supply adjustments continue to influence oil prices.