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KUWAIT - JANUARY 15: The sun sets behind a oil derek January 15, 2003 near the Saudi Arabian border, Kuwait. Kuwait produces 10% of the worlds oil and has promised to increase production as needed in the event of a war in Iraq. (Photo by Joe Raedle/Getty Images). Image used for illustrative purpose.
KUWAIT: Kuwaiti oil price rose 81 cents to USD 75.87 per barrel in Tuesday's trading compared to Monday's USD 75.06 pb, reported Kuwait Petroleum Corporation (KPC) on Wednesday.
In global markets, Brent futures went down by 51 cents to USD 70.56 per barrel, as West Texas Intermediate also dropped by 68 cents to reach USD 66.90 pb.
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