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KUWAIT - JANUARY 15: The sun sets behind a oil derek January 15, 2003 near the Saudi Arabian border, Kuwait. Kuwait produces 10% of the worlds oil and has promised to increase production as needed in the event of a war in Iraq. (Photo by Joe Raedle/Getty Images). Image used for illustrative purpose.
KUWAIT: Kuwaiti oil price rose 16 cents to USD 73.47 per barrel in Wednesday's trading compared to Tuesday's USD 73.31, reported Kuwait Petroleum Corporation (KPC).
In global markets, Brent futures increased USD 1.39 to USD 70.95, as West Texas crude also increased by USD 1.43 to reach USD 67.68.
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