Price of a barrel of Kuwaiti crude oil falls to $116.65

The price of a barrel of Kuwaiti crude oil fell by $1.45 to reach $116.65 per barrel in trading on Thursday, compared to $118.10 in trading on Tuesday, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures rose by $6.42 to reach $107.63 per barrel, while West Texas Intermediate (WTI) crude futures rose by $6.43 to reach $102.48 per barrel.