Crude oil futures up on global cues

New Delhi: Crude oil prices rose 0.59 per cent to Rs 3,939 per barrel Wednesday as speculators created fresh positions amid positive global cues.

Analysts said raising of bets by participants kept crude prices to trade higher here.

On the Multi Commodity Exchange, crude for delivery in July contracts was trading higher by Rs 23, 0.59 per cent to Rs 3,939 barrel in 17,895 lots.

Meanwhile, the West Texas Intermediate gained 0.39 per cent to USD 56.99. Brent crude, the international benchmark rose 0.20 per cent to USD 63.96 per barrel in New York.