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The price of Kuwaiti oil rose by more than two dollars, reaching $119.02 per barrel, amid a decline in Brent crude futures to $104.61 and West Texas Intermediate to $100.05. This comes amid global oil market volatility, which has seen notable declines. The increase in Kuwaiti oil prices reflects the worldwide concern over energy price fluctuations and the market's sensitivity to economic and geopolitical factors.
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