Kuwaiti Oil Barrel Prices Increase

Kuwaiti oil prices rose by 13 cents on Wednesday, reaching $84.93 per barrel in trading. The Kuwait Petroleum Corporation announced this figure, revealing a positive market sentiment, reported Al-Jarida Daily.

Kuwaiti oil traded at $84.80 a barrel a day earlier, in comparison. This marginal increase suggests a slight boost in demand for the Middle Eastern nation’s crude oil.

Meanwhile, global markets experienced further gains, with Brent crude futures surging $1.42 to $83.10 per barrel. In recent years, investors have become more confident in Brent crude due to its high quality.

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