Price of a barrel of Kuwaiti crude oil rises by $8.73 to reach $118.10

The price of a barrel of Kuwaiti crude oil rose by $8.73 to reach $118.10 per barrel in Wednesday’s trading, compared to $109.37 in the previous day’s trading, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures rose by $3.90 to reach $101.21 per barrel, while West Texas Intermediate (WTI) crude futures in the United States increased by $3.40 to reach $96.05 per barrel.