The price of Kuwaiti oil went up by USD 1.05 to USD 43.56 per barrel on Tuesday after being at USD 42.51 pb last Monday, said a statement by Kuwait Petroleum Corporation (KPC) Wednesday.

    At the global level, the price of oil fluctuated due statements from an OPEC meeting in Vienna regarding the organization's intention to lower production, according to (KUNA) news agency.

    The price of the Brent crude was up by 22 cents to settle at USD 49.12 per barrel.