Citing Kuwait News Agency (KUNA), Reuters reported on Thursday that Kuwait began increasing its crude oil production in accordance with the OPEC+ agreement.
Commenting on its development, Kuwait's oil minister that their plan to increase crude oil production covers the shared zone with Saudi Arabia.
This headline doesn't seem to be having a significant impact on crude oil prices. As of writing, the barrel of West Texas Intermediate (WTI), which reached a multi-year high of $83.93 earlier in the day, was down 0.85% on a daily basis at $82.80.
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