The price of Kuwaiti oil jumped up by USD 3.64 to USD 78.30 per barrel on Monday compared to USD 74.66 pb last Thursday, said the Kuwait Petroleum Corporation (KPC) on Tuesday.

At the global level, the Brent crude jumped up by USD 2.82 to USD 80.87 per barrel, the same occurred to the West Texas Intermediate, which leaped by USD 2.75 to USD 77.13 pb.

Fluctuating prices are attributed to geopolitical developments especially in the Middle East region.

Source: Kuwait News Agency