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Kuwait’s crude oil price rose by $4.89 to $108.10 a barrel in Thursday, 8 October trading, compared with $103.21 on Wednesday, Qatar News Agency reported on 9 October, citing Kuwait Petroleum Corporation. The figures describe the KPC-reported daily price observation for Kuwaiti crude.
International benchmarks also rose in the same report: Brent futures gained $4.08 to $104.28 a barrel and US West Texas Intermediate futures increased $3.21 to $91.49. These are separate grades and market instruments, so their quoted levels are not interchangeable with Kuwait’s crude price.
A one-day price move records a market observation; it does not establish a change in Kuwait’s production, exports, realized sales revenue or fiscal receipts. Nor does the report identify a cause for the increase. The comparison is limited to the reported Thursday and Wednesday prices and the benchmark futures figures stated by QNA.