The price of Kuwaiti crude oil recorded a sharp increase in the latest trading session, rising by $8.57 to reach $92.81 per barrel on Thursday, compared to $84.24 per barrel in the previous session, according to figures released by the Kuwait Petroleum Corporation.
The significant jump reflects heightened volatility in global energy markets as geopolitical tensions continue to influence oil supply expectations.
Meanwhile, global benchmark prices showed mixed movements. Futures for Brent Crude slipped slightly by 4 cents to settle at $83.97 per barrel. In contrast, West Texas Intermediate (WTI) crude futures rose by $4.21 to reach $78.87 per barrel.
Energy markets have remained sensitive to ongoing developments in the Middle East, with traders closely monitoring supply disruptions and potential impacts on global oil flows.
Analysts note that geopolitical risks, along with concerns about production and transport routes, continue to drive fluctuations in crude prices worldwide.
