The price of a barrel of Kuwaiti oil decreased by 7.82 dollars to reach 111.39 dollars a barrel in trading yesterday, Friday, compared to 119.21 dollars a barrel in trading yesterday, according to the announced price from the Kuwait Petroleum Corporation.

In global markets, Brent crude futures rose $7.65 to settle at $118.11 a barrel, while US West Texas Intermediate crude rose $8.01 to $115.68.