Oil prices rose today, rising for the first time in three sessions as investors took advantage of a drop in prices on the results of the referendum in the UK.

The British pound, the global stock market and most of the commodity markets rose as investor sentiment improved after the shocking results of Brexit.

Oil prices lost more than 7% in the last two sessions, as global stock markets lost $ 3 trillion in two days of trading.

Oil received additional support amid concerns about supply disruptions from Norway, where about 7,500 workers at seven oil and gas fields may go on strike from Saturday if will not agree on wages.

These fields account for nearly 18% of the total oil production in Norway, which has a negative impact on production in the North Sea's largest oil producer.

A day earlier, futures for Brent crude fell to seven-week low of $ 47.30, as investors dumped risky assets on the results of voting in the UK, where the majority of citizens were in favor of withdrawal from the European Union.

The news intensified fears that Europe will return to recession, putting increased pressure on the global economy and undermining prospects for future oil demand.

Bidders have focused on fresh weekly data on oil and petroleum products to gauge the strength of demand from the world's largest consumer.

The American Petroleum Institute is scheduled to release its report on stocks today, while on Wednesday, a government report may show a drop in crude oil reserves by 2.4 million barrels for the week ended June 24.

The cost of the August futures for US light crude oil WTI rose to 47.81 dollars per barrel.

The price of August futures for Brent crude rose to 48.58 dollars a barrel on the London Stock Exchange ICE Futures Europe.