New Delhi, June 5 -- Global crude prices witnessed a marginal increase on Friday morning after sharp declines in the previous session.

Prices rose after Iran-backed militant group Hezbollah rejected the US-brokered ceasefire between Israel and Lebanon. Israeli strikes across Lebanon have also continued despite the ceasefire announcement.

Around 8:10 am, Brent crude was trading at $95.64 per barrel, up 0.64% from its previous close, while WTI was at $93.37 per barrel, higher by 0.35%.

Reuters reported that Hezbollah leader Naim Qassem on Thursday rejected the ceasefire agreement between Israel and the Lebanese government to halt the fighting.

The ceasefire agreement had raised hopes of a broader de-escalation in West Asia. However, it ...