The price of Kuwaiti crude oil rose by 58 cents to reach $74.19 per barrel in Monday's trading, compared to $73.61 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 $1.08 to reach $69.28 per barrel, while West Texas Intermediate (WTI) crude futures dropped by $1.01 to reach $66.03 per barrel.