On the New York Mercantile Exchange, after a sharp downward correction on Tuesday, Crude oil prices climbed to more than $83 per barrel Wednesday.

Triggering a slide on equity markets and in commodities prices, Standard & Poor's had downgraded Greek bonds to junk status on Tuesday.

As the Dow Jones industrial average lost nearly 2 percent, Crude oil prices dropped more than $2 per barrel in the previous session.

Prices on Wednesday began to seek higher ground.

Adding 79 cents to a recent settlement to $83.23 per barrel, Crude oil prices for June delivery regained some of the lost territory.

Loosing 0.0051 cents, heating oil prices for June went down to $2.25 per gallon.

Reformulated gasoline blend-stock prices for June added 0.0006 cents, $2.329 per gallon.

It was also reported that Henry Hub natural gas prices for June added 0.022 cents to $4.337 per million British thermal units.

According to reports of AAA, at the pump, the national average price for unleaded gasoline was $2.869 per gallon Wednesday, up from Tuesday's $2.858. (With Inputs from Agencies)