Kuwaiti oil price up $7.32 to $94.71
The price of Kuwaiti oil per barrel rose by $7.32 to reach $94.71 in yesterday's trading, compared to $87.39 two days ago, according to the Kuwait Petroleum Corporation. In global markets, the futures contracts for Brent crude increased by $3.06 to reach $94.07, while the US West Texas Intermediate futures rose by $2.49 to $86.83. It is observed that Kuwait's oil production is recovering faster than expected, and the country is working on developing oil storage and export facilities worth 303.5 million dinars.
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