Price of the Kuwaiti crude oil was up 16 cents to USD 105.34 per barrel on Tuesday compared to USD 105.18 pb the day before, Kuwait Petroleum Corporation (KPC) said in a statement on Wednesday. International oil markets are witnessing an increase in prices for the second day in a row due to the developing economic situation concerning the budget and steering clear off cutting down on spending. The United States is the world\'s largest oil consumer.