Kuwait city: The price of Kuwait's crude oil increased by $4.97 per barrel, reaching $105.30 in Thursday's trading. This rise is in comparison to the previous session where the price stood at $100.33 per barrel. The official price was released by Kuwait Petroleum Corporation.

According to Qatar News Agency, in global markets, Brent crude futures saw an increase of $3.16, reaching $105.07 per barrel. Meanwhile, West Texas Intermediate (WTI) crude futures rose by $2.89, settling at $95.85 per barrel.