Kuwait crude oil climbed 37 cents on Thursday, closing at US$72.97 per barrel (pb), up from US$72.60 pb the previous day, the Kuwait Petroleum Corporation confirmed on Friday.
While Kuwait crude gained ground, international benchmarks moved in the opposite direction. Brent futures fell $1.12 to US$66.37 pb, and West Texas Intermediate (WTI) slipped $1.30 to US$62.37 pb, according to the Kuwait News Agency.
The modest increase in local crude contrasts with softer global oil prices, reflecting market fluctuations influenced by geopolitical developments, inventory reports, and ongoing demand forecasts.
