The Kuwait Petroleum Corporation (KPC) declared that the price of Kuwaiti oil reached $55.35 per barrel on Wednesday, compared to $54.89 per barrel on Tuesday, increasing by 46 cents.

Moreover, long-term Brent contracts decreased by $2 or 3.2%, standing at $60.53 per barrel.

Additionally, the American oil totaled $52.14 per barrel, falling by $1.39 or 2.6%.