The price of Kuwaiti crude oil decreased by 56 cents to reach $75.93 per barrel in trading on Thursday, compared to $76.49 per barrel in trading the previous day, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures rose by $1.51 to reach $74.04 per barrel, while West Texas Intermediate (WTI) crude futures increased by $1.73 to reach $70.35 per barrel.