Kuwait city: The price of Kuwaiti oil dropped by USD 7.57 to USD 71.93 per barrel in Wednesday's trading, compared to USD 79.50 pb in the previous session, according to figures released by the Kuwait Petroleum Corporation (KPC).

According to Qatar News Agency, in global markets, Brent crude futures decreased by USD 1.45 to USD 71.57 per barrel, while US West Texas Intermediate (WTI) crude futures were down by 92 cents to USD 68.58 pb.