Price of a barrel of Kuwaiti crude oil rises by $7.17 to reach $113.47

The price of a barrel of Kuwaiti crude oil rose by $7.17 to reach $113.47 per barrel in trading on Thursday, compared to $106.30 in trading on Tuesday, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures rose by $3.52 to reach $106.60 per barrel, while West Texas Intermediate (WTI) crude futures in the United States rose by $2.45 to reach $94.61 per barrel.