The price of a barrel of Kuwaiti oil rose by $4.18 to reach $102.31 a barrel in trading yesterday, Tuesday, compared to $98.13 a barrel in trading yesterday, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures rose $7 to settle at $104.97 a barrel, while US West Texas Intermediate crude rose $7.69 to reach $103.41, reports Al-Rai daily quoting KUNA.

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