Kuwait city: The price of Kuwait's crude oil dropped by USD 6.35, reaching USD 114.12 per barrel in trading on Thursday. This marks a decrease from the previous session where the price stood at USD 120.47 per barrel, as announced by the Kuwait Petroleum Corporation.

According to Qatar News Agency, the decline in Kuwait's oil price is part of a broader trend observed in global markets. Brent crude futures saw a decrease of USD 1.21, settling at USD 100.06 per barrel. Similarly, West Texas Intermediate (WTI) crude futures fell by USD 0.27, settling at USD 94.81 per barrel.