This comes ahead of the expiration on Tuesday of the September futures contracts for West Texas Intermediate oil.
September WTI crude rose 54 cents to trade at $47.63 a barrel on the New York Mercantile Exchange after trading as low as $46.78.
Yvad Billings, Readers Bureau, Fellow
Edited by Jesus Chan
Do you want to add feedback to this story? Please add a comment in the box below or send us an email at firstname.lastname@example.org
Like our Facebook page https://www.facebook.com/TheReadersBureau
Follow us on Twitter https://twitter.com/readersbureau21