Rise in Kuwait Oil Price

The Kuwaiti oil price went up by 57 cents to US$77.82 per barrel (pb) on Tuesday, compared to US$77.25 pb the previous day, said Kuwait Petroleum Corporation (KPC) on Wednesday.

In the global market, the prices of the Brent crude and West Texas Intermiedate went down by US$1.76 and US$1.77 to settle respectively to reach US$73.02 pb and US$68.93 pb.