Kuwaiti oil prices saw a small decline on Thursday, falling by 23 cents to US$70.42 per barrel compared to the previous day’s US$70.65, according to Kuwait Petroleum Corporation. The change reflects minor fluctuations in the regional energy market.
Brent and WTI Prices Show Upward Movement
Meanwhile, global oil benchmarks moved in the opposite direction. Brent crude rose by 57 cents, closing at US$68.62 per barrel. Additionally, West Texas Intermediate climbed 45 cents to reach US$64.60 per barrel, as reported by the Kuwait News Agency. These shifts suggest continued volatility across international markets.
Global Market Conditions Remain Mixed
Although Kuwait’s price slipped slightly, the gains in Brent and WTI highlight varying regional dynamics. Analysts continue to monitor global supply and demand trends, as small adjustments in pricing often indicate broader movements in energy market conditions.
