Brent crude futures touched a high of $112.78 shortly after opening and were up $1.35, or 1.2%, at $111.58 at 0005 GMT, reversing a 2% loss in the previous session.
Brent crude futures for August nudged up 7 cents, or 0.1 per cent, to $68.79 a barrel by 0038 GMT after settling at their highest in two years on Friday
Brent crude fell 44 cents, or 0.6%, to $68.43 a barrel at 0220 GMT, erasing Wednesday s gain of 22 cents. Brent has traded between $68 and $69 for most of this week