The price of Kuwaiti crude oil increased by $4.36, reaching $76.03 per barrel in Wednesday’s trading, compared with $71.67 per barrel in the previous session, according to figures released by the Kuwait Petroleum Corporation.
The rise came alongside gains in global oil markets, with Brent crude futures increasing by $3.86 to settle at $78.02 per barrel, while West Texas Intermediate (WTI) crude futures rose by $3.08 to $73.52 per barrel.
The upward movement reflects renewed strength in international crude markets amid shifting global supply and demand factors.
