Kuwait city: Kuwaiti oil prices rose by $3.83 to reach $118.06 per barrel in Monday's trading, compared to $114.23 per barrel last Friday, according to Kuwait Petroleum Corporation (KPC).

According to Qatar News Agency, in global markets, Brent crude futures rose by $2.92 to $104.21 per barrel, while West Texas Intermediate (WTI) crude gained $2.65 to $98.07 per barrel.