The price of a barrel of Kuwaiti oil decreased by 85 cents to reach $76.13 per barrel in Monday's trading, compared to $76.98 per barrel in last Friday's trading, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures fell by $1.19 to reach $71.62 per barrel, while West Texas Intermediate (WTI) crude futures dropped by $1.39 to reach $68.37 per barrel.