Kuwait city: The price of Kuwaiti crude oil rose by $24.46, reaching $122.94 per barrel in Monday's trading, compared with $98.48 per barrel in trading on Friday, according to the price announced by the Kuwait Petroleum Corporation (KPC).

According to Qatar News Agency, in global markets, Brent crude futures increased by $7.21 to $98.96 per barrel, while US West Texas Intermediate (WTI) futures rose by $3.87 to $94.77 per barrel.