Price of Kuwaiti crude oil rose USD 1.19 pb to USD 106.49 pb in Wednesday\'s trades compared to its Monday\'s level of USD 105.30 pb, Kuwaiti Petroleum Corporation (KPC) said on Thursday. Meanwhile, price of the crude rose on the international markets after latest reports showed increase of houses\' prices was higher than forecast in the United States. Upbeat sentiments in the US at possible agreement to spare the nation repercussions of being hit with \"fiscal cliff\" have also contributed to making the prices of the crude bullish.