Kuwaiti oil hits $82.81 a barrel
The price of a barrel of Kuwaiti oil rose by 14 cents to reach $82.81 in yesterday's trading session, with the prices of Brent crude futures increasing to $90.87 and West Texas Intermediate to $84.50, according to the Kuwait Petroleum Corporation. This reflects a rise in global oil prices due to improved demand or market effects, while Kuwait Oil Tanker Company announced the launch of an "Emergency Room" after delaying three maintenance tenders for the Zour Port worth $200 million.
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