Price of a barrel of Kuwaiti crude oil falls by $1.45 to $116.65

The price of a barrel of Kuwaiti crude oil fell by $1.45 to reach $116.65 per barrel in Thursday’s trading, down from $118.10 in Tuesday’s trading, according to the price announced by the Kuwait Petroleum Corporation. In global markets, Brent crude futures rose by $6.42 to reach $107.63 per barrel, while West Texas Intermediate (WTI) crude futures rose by $6.43 to reach $102.48 per barrel.