Kuwait: Kuwait's crude oil price surged by $1.13 to $121.09 per barrel in Tuesday's trading, up from $119.96 per barrel the previous session, according to data released by the Kuwait Petroleum Corporation.

According to Qatar News Agency, in global markets, Brent crude futures fell 50 cents to $109.27 per barrel, while US West Texas Intermediate (WTI) crude rose 54 cents to $112.95.