Kuwaiti oil barrel price rises by $3.18 to reach $88.41

The price of a barrel of Kuwaiti crude oil rose by $3.18 to reach $88.41 per barrel in trading on Wednesday, compared to $85.23 per barrel in the previous day’s trading, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures rose by 60 cents to $91.62 per barrel, while West Texas Intermediate (WTI) crude futures increased by 89 cents to $85.83 per barrel.