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Commodities

Kuwait Oil Prices Plummet After Regional Disruptions

Guavy AI Editorial Team
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Oil
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Kuwaiti oil prices have experienced a significant drop in trading, according to figures released by the Kuwait Petroleum Corporation. The price of Kuwaiti crude oil declined by USD 6.45 to USD 87.56 per barrel (pb) on Tuesday.

This decrease follows a notable increase in the price of Kuwaiti crude oil to USD 102.39 pb on Thursday, which was attributed to regional developments and disruptions in international oil supplies through the Strait of Hormuz.

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