Kuwaiti Oil Price Rises by $1.62

The price of Kuwaiti crude oil rose by $1.62 to reach $80.32 per barrel in trading on Tuesday, compared to $78.70 per barrel on Monday, according to the Kuwait Petroleum Corporation (KPC).

In global markets, Brent crude futures rose $3.66 to $81.40 per barrel, and West Texas Intermediate (WTI) crude rose $3.33 to $74.56 per barrel.