Oil prices rebound from Tuesday
The prices of oil increased on Wednesday, bringing the back of some massive losses.
Concerns about supply came to the forefront, and overcame the lingering concerns about a possible global recession.
Brent crude futures increased by $1.43 which is 1.39 percent up to $104.20 one barrel by 1120 GMT.
U.S. West Texas Intermediate (WTI) crude gained 65 cents in the amount of 0.65 percent, to $100.15.
Both contracts posted their highest daily decline since March.
The price of oil has seen an increase due to a rising dollar.
A higher value U.S. dollar usually makes oil more expensive in other currencies, which can reduce the demand.
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