KUWAIT, Aug 19 (KUNA) — On Monday, the value of Kuwait’s crude oil dropped by 54 cents, settling at USD 68.95 per barrel, down from USD 69.49 per barrel the previous Friday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday. While local prices declined, international benchmarks showed upward movement: Brent crude rose by 75 cents to reach USD 66.60 per barrel, and West Texas Intermediate gained 62 cents, closing at USD 63.42 per barrel. These fluctuations reflect shifting dynamics in the global energy market, influenced by supply expectations and geopolitical factors. The divergence between regional and global pricing trends highlights the sensitivity of oil economies to international developments.
— news from Kuwait News Agency
— News Original —
KPC: Kuwait oil price drops 54 cents to USD 68.95 pb
KUWAIT, Aug 19 (KUNA) — The price of Kuwaiti oil went down 54 cents to USD 68.95 per barrel (pb) on Monday, compared to USD 69.49 pb last Friday, Kuwait Petroleum Corporation (KPC) said on Tuesday. nIn global markets, Brent crude increased by 75 cents to USD 66.60 pb, while West Texas Intermediate also went up by 62 cents to USD 63.42 pb. (end) r nkm.lr