India, June 4 -- Crude oil prices surged by Rs 310 to a fresh record high of Rs 9,260 per barrel in futures trade on Wednesday, tracking strong gains in global benchmarks amid escalating tensions in West Asia.

On the Multi Commodity Exchange (MCX), the most-active June crude oil contract climbed by Rs 310, or 3.46 per cent, to an all-time high of Rs 9,260 per barrel.

"Crude oil extended its rally for a third consecutive session on Wednesday as regional escalation intensified overnight," brokerage firm Kotak Neo said.

The US and Iran have exchanged fire, with Iran launching missiles toward Kuwait and Bahrain, which were intercepted by US and Bahraini defence forces. The US military also shot down three drones targeting civilian shipping...