emirates7 - The price of Kuwaiti oil increased by $1.31 per barrel on Wednesday, reaching $72.39 per barrel, up from $71.08 per barrel on Tuesday, according to the Kuwait Petroleum Corporation (KPC) on Thursday.

Meanwhile, in global markets, Brent Crude rose by 4 cents to $70.19 per barrel, and West Texas Intermediate climbed by 5 cents to $68.38 per barrel, reported the Kuwait News Agency (KUNA).