The price of Kuwaiti oil rose by 53 cents to $77.34 per barrel in Friday’s trading, up from $76.81 per barrel in the previous session, according to figures released by the Kuwait Petroleum Corporation (KPC). The increase came despite a sharp decline in global oil benchmarks. In international markets, Brent crude futures fell $3.27 to settle at $71.99 per barrel, while U.S. West Texas Intermediate (WTI) crude declined $2.69 to $69.23 per barrel. …
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