Price of Kuwaiti Crude Oil Barrel Falls $3.88 to $74.33

The price of a barrel of Kuwaiti crude oil fell by $3.88 to reach $74.33 per barrel in trading on Wednesday, compared to $78.21 per barrel in trading on Tuesday, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures rose by three cents to $79.39 per barrel, while West Texas Intermediate (WTI) crude futures in the United States fell by 55 cents to $75.22 per barrel.