KPC: Kuwait oil price drops $5.95 to $67.01 pb

Oil production and extraction in Kuwait. Oil pump jack and oil barrels with Kuwait flag. 3d illustration. Image Courtesy: Getty Images image for illustrative purpose
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The prices of the Brent Crude and the West Texas Intermediate at the global markets came down each by USD 1.37

Staff Writer, Kuwait News Agency (KUNA)

April 8, 2025

PHOTO
Oil production and extraction in Kuwait. Oil pump jack and oil barrels with Kuwait flag. 3d illustration. Image Courtesy: Getty Images image for illustrative purpose

KUWAIT: The price of Kuwaiti oil made a huge drop by USD 5.95 to USD 67.01 per barrel on Monday as opposed to Friday's USD 72.96 pb, said the Kuwait Petroleum Corporation (KPC) on Tuesday.
The prices of the Brent Crude and the West Texas Intermediate at the global markets came down each by USD 1.37 and USD 1.29 to settle respectively at USD 64.21 per barrel and USD 60.70 pb.
The fall in prices could be attributed to a number of geopolitical reasons and economic policies including the new US tariffs that rocked global markets and caused undeniable shifts.

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