World oil prices recovered in Asian trade after an overnight dip on Saudi Arabia's willingness to boost oil output to meet any shortages in production.
The black gold advanced above $97 on reports that protests are coming up in Algeria, immediate neighbor of Libya and also holds reasonable amount of crude oil.
Light sweet crude for April delivery was seen trading at $97.38 a barrel at 1.00 p.m Singapore time while Brent crude was at $112.41 a barrel in London.
In other Nymex trading in April contracts, heating oil rose 0.6 cent to $2.94 a gallon and gasoline gained 0.6 cents to $2.90 a gallon. Natural gas futures were down 0.6 cent at $4.03 per 1,000 cubic feet.
Analysts said the black gold remained highly volatile as concerns about oil shipments from Libya and other regions intensified.
In Libya, protestors are reported to have taken control of most of the western region and advancing toward the capital Tripoli.
Analysts added that energy markets are so rattled right now that continued unrest in other major oil producers, including Algeria and Oman, could keep prices extremely volatile this week.
On Monday, April delivery lost 91 cents to settle at $96.97 a barrel on the New York Mercantile Exchange. In London, Brent crude fell 34 cents to settle at $111.80 per barrel on the ICE Futures exchange.
