Crude oil prices up on firm global cues

New Delhi: Crude oil prices rose 0.95 per cent to Rs 3,920 per barrel in futures trade on Wednesday as speculators raised their exposure, tracking a rebound in global market.

On the Multi Commodity Exchange, crude contracts for September delivery went up by Rs 37, or 0.95 per cent, to Rs 3,920 per barrel in a business turnover of 19,091 lots.

Analysts said the rise in crude oil futures was largely in tandem with a firm trend in the global market.

Meanwhile, West Texas Intermediate rose 0.48 per cent to $54.20. However, international benchmark Brent fell 0.38 per cent to $58.48 per barrel at New York Mercantile Exchange.