West Texas Intermediate (WTI) crude declined $0.90, or 0.96 per cent, to $92.84 a barrel, while Brent crude fell $1.01, or 0.95 per cent, to $105.60 a barrel
Brent crude futures rose $3.21, or 3.1 per cent, to $107.82 a barrel by 1218 GMT, after touching an intraday high of $108.65
The assessment comes as energy markets contend with disruption around the Strait of Hormuz and the possibility of continued instability in the Red Sea
