The price of Kuwaiti crude oil increased by 70 cents to US$70.07 per barrel on Wednesday, compared to US$69.37 on Tuesday, according to the Kuwait Petroleum Corporation.
Global Benchmarks Show Gains
Globally, Brent crude prices also advanced. The benchmark rose by US$1.05 to settle at US$66.84 per barrel. At the same time, West Texas Intermediate (WTI) climbed 86 cents, reaching US$63.21 per barrel, reported the Kuwait News Agency.
Oil Market Sees Upward Momentum
These movements reflect continued optimism in the energy markets. As prices trend upward, analysts are monitoring supply conditions and geopolitical developments, which often influence daily fluctuations.
