As equities staged a comeback in Asia and Europe, it has been reported that June delivery crude oil prices edged above $70 per barrel, on the New York Mercantile Exchange.

It was also reported that stock markets rose across the board in Asia and Europe, but the upward trend lost traction on Wall Street, where early gains faded late in the day.

Despite a 0.6 percent gain in the dollar index, June delivery crude oil jumped $1.96 to $70.71 per barrel.

Heating oil prices added 0.0393 cents from a prior settlement to $1.911 per gallon. Rising by 0.0252 cents, reformulated gasoline blend-stock prices went up to $1.956 per gallon.

It was further reported that Henry Hub natural gas prices added 0.09 cents to $4.141 per million British thermal units.

According to the reports of AAA, at the pump, the national average price for unleaded regular gasoline dropped to $2.771 per gallon Wednesday from Tuesday's $2.78. (With Inputs from Agencies)