OilNSE 1.97 % prices crept up on Wednesday, extending the previous session's rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand.
Brent was up by 17 cents, or 0.3 per cent, at $68.14 by 0311 GMT, reversing earlier losses of a similar magnitude. On Tuesday, the global benchmark rose 76 cents to $67.97 a barrel, not far below its year-to-date high of $68.69, reached on March 21.
US crude futures added 9 cents, or 0.2 per cent, to $60.03, also reversing losses in earlier trade. The US benchmark rose $1.12, or 1.9 per cent, to $59.94 a barrel in the previous session.
Prices have risen more than 25 per cent this year, supported by supply curbs by the Organization of the Petroleum Exporting Countries and other major producers, along with US sanctions on exports from Venezuela and Iran.
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