New Delhi, June 25 -- Global crude oil prices edged higher on Wednesday morning, after a sharp decline in the previous two sessions. The uptick comes as markets closely monitor the fragile ceasefire between Israel and Iran, which remains uncertain after initial violations, experts said.

Around 8:15 am, the August contract of Brent on the Intercontinental Exchange was trading at $68.12 per barrel, higher by 1.37% from its previous close. Similarly, the August contract of West Texas Intermediate (WTI) on the NYMEX rose 1.51% to $65.34 a barrel.

After US president Donald Trump announced the ceasefire on Tuesday, prices fell to levels prior to Israel's attack on Iran on June 13. After US strikes on three nuclear facilities in Iran over the ...