Oil prices bounced back from multi-month lows on Wednesday on concerns that an escalating conflict in the Middle East could hurt oil production, even as worries about weak crude demand persisted.
Brent LCOc1 crude futures were up $1.42, or 1.9%, to $77.90 a barrel at 1310 GMT. U.S. West Texas Intermediate crude CLc1 was up $1.48, or 2%, to $74.68.