Global Markets Drive Kuwaiti Oil Prices Up

Kuwaiti oil prices rose significantly in Thursday's trading, driven by global market trends. According to the Kuwait Petroleum Corporation, the price of a barrel of Kuwaiti oil increased by $2.35 to reach $104.59.

This marks an increase from Wednesday's price of $102.24 per barrel. The rise in Kuwaiti oil prices follows similar movements in other global markets.

Brent crude futures, which are widely followed as a benchmark for global oil prices, rose by $4.28 to reach $102.31 per barrel on Thursday. U.S. West Texas Intermediate (WTI) crude futures also climbed, increasing by $2.45 to reach $92.87 per barrel.