The price of Kuwaiti crude oil has increased by USD 8.73 to reach USD 118.10 per barrel in Wednesday's trading, according to figures released by the Kuwait Petroleum Corporation.
This rise comes on top of a global market trend, where Brent crude futures have surged by USD 3.90 to USD 101.21 per barrel, and US West Texas Intermediate (WTI) crude futures have jumped by USD 3.40 to USD 96.05 per barrel.
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