Kuwait – Mubasher: The price per barrel of Kuwaiti oil jumped $1.05 on Wednesday reaching $55.35 up from $54.30 on Tuesday, according to the Kuwait Petroleum Corporation (KPC).

Crude futures also grew on Wednesday after a less-than-expected increase in US crude supply. Mixed Brent surged 3.23% to $60.32 per barrel, while US futures leaped 5.82% to $56.39 per barrel at settlement.