Mubasher: The price of Kuwait’s crude oil increased by 25 cents to settle at $74.39 per barrel (pb) on Wednesday, compared to $74.14 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices raised on Wednesday after Iran threatened to ban oil exports from the region if the US stops the Persian Gulf country's crude sales.
The hike of oil prices led to a drop in US crude inventories for the second consecutive week.
