Kuwaiti oil drops over $7

The price of the Kuwaiti oil barrel decreased by $7.57, reaching $71.93, down from $79.50 the previous day, according to the Kuwait Petroleum Corporation. In global markets, Brent crude futures fell by $1.45 to $71.57 per barrel, while U.S. West Texas Intermediate futures declined by 92 cents to $68.58.