Price of a barrel of Kuwaiti crude oil falls to $94.01

The price of a barrel of Kuwaiti crude oil fell by $8.38, reaching $94.01 per barrel in trading on Friday, compared to $102.39 in trading on Wednesday, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures dropped by $3.90 to $96.78 per barrel, while West Texas Intermediate (WTI) crude futures declined by $2.87 to $89.31 per barrel.