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Kuwait Crude Oil Price Drops $1.79 to $70.38 Per Barrel

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1 year ago

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kuwait crude oil price drops

According to recent reports from Kuwait Petroleum Corporation (KPC), Kuwait’s crude oil fell $1.79 per barrel on Thursday. However, the principal international benchmarks for oil were up a bit that day. Such decoupling indicates the very complex state of the day in the world’s energy marketplace as the pricing trends of regional crude varieties can vary considerably due to specific supply-demand factors, regional geopolitics, and market sentiments weighing on various producing regions.

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Crude Oil TypePrice ChangeCurrent Price (USD)Previous Price (USD)
Kuwait Crude-$1.79$70.38 per barrel$72.17 per barrel
Brent Futures+$0.43$66.55 per barrel$66.12 per barrel
WTI+$0.52$62.79 per barrel$62.27 per barrel
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