Kuwaiti oil price declines amid global market fluctuations

By the Editorial Team · Sunday, October 11, 2026

Kuwait’s oil price fell by $2.42 to $105.68 per barrel on Friday, marking a sharp drop from the previous day’s $108.10. This decline contrasts with modest gains in global benchmark prices, reflecting continued volatility driven by economic and geopolitical factors.

Kuwait’s oil price dropped by $2.42 to $105.68 per barrel during trading on Friday, according to the Kuwait Petroleum Corporation (KPC). This decline follows a previous price of $108.10 per barrel recorded the day before.

Globally, benchmark oil prices showed mixed movement on the same day. Brent crude increased by 44 cents to $104.72 per barrel, while the U.S. West Texas Intermediate (WTI) crude oil price rose by 36 cents to $91.85 per barrel. The contrasting trends highlight ongoing volatility in the oil markets amid various economic and geopolitical factors influencing supply and demand dynamics.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.