Kuwait city: The price of Kuwaiti oil decreased by USD 1.48, settling at USD 83.59 per barrel in Wednesday's trading session, down from USD 85.07 per barrel in the previous session. This information was provided by the Kuwait Petroleum Corporation (KPC).

According to Qatar News Agency, global oil markets also experienced declines. Brent crude futures fell by USD 82, ending at USD 77.08 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures decreased by USD 65, closing at USD 73.21 per barrel.