Price of Kuwaiti crude oil barrel falls by $8.38 to $94.01

The price of a barrel of Kuwaiti crude oil fell by $8.38 to reach $94.01 per barrel in trading on Friday, compared to $102.39 per barrel in trading on the day before yesterday, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures fell by $3.90 to reach $96.78 per barrel, while West Texas Intermediate (WTI) crude futures fell by $2.87 to reach $89.31 per barrel.