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Commodities

Kuwait Oil Price Slumps Amid Global Market Decline

Guavy AI Editorial Team
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Oil
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The price of Kuwaiti crude oil dropped by $5.67 to $81.76 per barrel in Wednesday's trading, according to figures released by the Kuwait Petroleum Corporation.

This decline occurred after Tuesday's session, where the price was at $87.43 per barrel. The global market also experienced a decrease, with Brent crude futures down by $2.30 to $86.28 per barrel, and US West Texas Intermediate (WTI) crude futures decreasing by $2.08 to $80.28 per barrel.

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