Doha: The price of Kuwaiti crude oil experienced a decline of USD 4.49, settling at USD 83.07 per barrel during Tuesday's trading session. This drop comes in contrast to the previous session where the price was recorded at USD 87.56 per barrel, as reported by the Kuwait Petroleum Corporation.

According to Qatar News Agency, the global oil markets also saw a decrease in prices. Brent crude futures fell by USD 4.27, reaching USD 84.09 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures witnessed a reduction of USD 3.35, bringing the price down to USD 79.26 per barrel.