The latest worries about resupply fueled a rally in crude oil trading to return to trading stronger after a dismal session earlier in the week.
In the European session, Brent crude oil futures traded up 1.6% at $106 a barrel, while US WTI traded up 1.8% at $98 a barrel.
Tensions between Europe and Russia are rising after energy giant Gazprom announced it will cut further gas supplies through the Nord Stream 1 pipeline to Germany.
The move will reduce existing flows on its main gas pipeline to just 20% of capacity.
Although the European Union (EU) has urged member states to make savings, but with the latest actions from Russia, it may not be enough for the bloc to face the coming winter.
This is indirectly seen as a step that can trigger a shift in consumption from gas to crude oil as an energy source.
However, the risk of a global recession remains a concern, not to mention the expected increase in interest rates this week may add more pressure to prices.
