The price of Kuwaiti oil went up by US$2.98 to US$123.03 per barrel on Tuesday as opposed to US$120.05 pb the day before, said the Kuwait Petroleum Corporation on Wednesday.

According to the Kuwait News Agency (KUNA), the price of the Brent crude globally went down by $1.10 to $121.17 per barrel, the same occurred to the West Texas Intermediate, which went down by $2.00 to $118.93 pb.