Kuwait crude oil drops to US$64.08 per barrel

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Kuwait crude oil drops to US$64.08 per barrel

Kuwait crude oil drops to US$64.08 per barrel

WAM
16 May 2025, 15:22 GMT+10

KUWAIT, 16th May, 2025 (WAM) -- The price of Kuwaiti crude oil declined by US$2.45 on Thursday, settling at US$64.08 per barrel, down from US$66.53 the previous day, the Kuwait Petroleum Corporation announced.

According to the Kuwait News Agency (KUNA), Brent crude futures also fell by US$1.56 to US$64.53 per barrel, while West Texas Intermediate dropped by US$1.53 to US$61.62 per barrel.

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