The price of Kuwaiti oil fell by 88 cents to $77.79 per barrel in trading on Thursday, compared to $78.67 in the previous day’s trading, according to the Kuwait Petroleum Corporation. In global markets, Brent crude futures rose by $1.29 to settle at $79.94 per barrel. Oil prices rose slightly on Thursday as investors assessed concerns about Middle Eastern supplies, but signs of weakening demand limited gains. The price of Kuwaiti oil has been fluctuating in recent weeks, reflecting the global market’s volatile nature and the complex interplay of supply and demand factors.
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