Kuwait: Kuwaiti oil prices dropped by $2.91 on Wednesday to $120.47 per barrel compared with $123.38 per barrel the day before, according to Kuwait Petroleum Corporation (KPC).

According to Qatar News Agency, in global markets, Brent crude futures dropped $8.60 to $101.27, and US West Texas Intermediate (WTI) crude lost $7.19 to $95.08.