Kuwaiti Oil Price Jumps $4.97 Amid Global Market Decline

The price of Kuwaiti crude oil has increased significantly, rising by $4.97 to $78.21 per barrel on Tuesday.

This increase comes after a drop in global markets, where Brent crude futures fell by $4.41 to $79.36 per barrel and US West Texas Intermediate (WTI) crude futures were down by $4.57 to $75.77 per barrel.

The Kuwait Petroleum Corporation released figures showing the rise in price, which is a notable increase from Monday's session where the price was at $73.24 per barrel.