The price of Kuwaiti crude oil decreased by 55 cents to reach $74.35 per barrel in Friday's trading, compared to $74.90 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 70 cents to reach $70.58 per barrel, while West Texas Intermediate (WTI) crude futures increased by 63 cents to reach $67.18 per barrel.