The price of Kuwaiti crude oil rose by 16 cents, reaching $73.47 per barrel in yesterday's Wednesday trading, compared to $73.31 per barrel in the previous day's trading, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, Brent crude futures rose by $1.39 to reach $70.95 per barrel, while West Texas Intermediate (WTI) crude futures increased by $1.43 to reach $67.68 per barrel.