Price of Kuwaiti Oil Barrel Drops by $1.12 to $105.39

The price of a barrel of Kuwaiti crude oil fell by $1.12 to reach $105.39 per barrel in trading on Tuesday, compared to $106.51 per barrel in trading on the previous Friday, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures dropped by $2.69 to $102.59 per barrel, while West Texas Intermediate (WTI) crude futures in the United States fell by $3.22 to $89.38 per barrel.