Doha:The price of Kuwaiti crude oil saw a decrease of USD 1.10, settling at USD 94.35 per barrel in Wednesday's trading, compared to USD 95.45 per barrel the previous day. This information was released by the Kuwait Petroleum Corporation.

According to Qatar News Agency, the decline in oil prices was not limited to Kuwait. In global markets, Brent crude futures experienced a significant drop of USD 8.98, bringing the price down to USD 94.62 per barrel. Similarly, US West Texas Intermediate (WTI) crude futures decreased by USD 7.97, reaching USD 88.12 per barrel.