Kuwait oil price went up 50 cents on Tuesday, reaching USD 42.78 per barrel (pb) against Monday's USD 42.28 pb, Kuwait Petroleum Corporation (KPC) said Wednesday.

    International markets also so hiked prices due to forecasts of a US reserve decline and Canadian supply impacted by wildfire, according to Kuwait's (KUNA) News Agency.

    Brent went up 31 cents and settled at 49.28 pb, so as did US crude; 59 cents up at 48.31 pb.