Price of a barrel of Kuwaiti crude oil rises by 93 cents to $124.34

The price of a barrel of Kuwaiti crude oil rose by 93 cents to reach $124.34 per barrel in trading on Tuesday, compared to $123.41 in the previous day’s trading, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures rose by $2.90 to reach $108.75 per barrel, while West Texas Intermediate (WTI) crude futures in the United States increased by $4.44 to reach $105.83 per barrel.