See crude at $52 a barrel: Again Capital's Kilduff

Oil prices hit session highs on Wednesday, rising to their highest since June, after the US government reported another surprise weekly drawdown in crude inventories.

Brent crude was up USD 1.13, or 2.2 percent, at USD 52 a barrel by 10:58 am.
US West Texas Intermediate (WTI) crude was up USD 1.20, or 2.4 percent, at USD 49.89. It earlier hit USD 49.95, a high since June 29.

Speaking to CNBC-TV18 John Kilduff, Partner at Again Capital said that prices could move up further. He expects the price to head up to USD 52 a barrel.Watch video for more...