New Delhi, Nov. 11 -- Crude oil prices edged higher on Wednesday after declining for a second consecutive session to their lowest levels since August 31, with Brent crude hovering above the $92-per-barrel mark.
Brent crude futures rose 80 cents, or 0.87 per cent, to $92.29 per barrel, while US West Texas Intermediate (WTI) crude gained 57 cents, or 0.66 per cent, to trade at $86.61 per barrel.
Despite the modest recovery, crude oil benchmarks have come under significant pressure in recent sessions as easing tensions between the United States and Iran have reduced concerns over prolonged disruptions to global oil supplies.
Brent crude has declined around 17% during the recent trading sessions, with crude exports from the Middle East recov...