Oil prices were up around 10% on Thursday as some Asian countries start purchasing crude oil, which created a slight increase in global oil demand.

The price of the international benchmark Brent crude was trading at $22.22 per barrel at 0611 GMT for a 9.6% increase after closing Wednesday at $20.27 a barrel.

American benchmark West Texas Intermediate (WTI) was trading at $15.37 a barrel at the same time for an 11.5% increase after ending Wednesday at $13.78 per barrel.

Some refineries in China, India, Japan and South Korea have begun purchasing crude oil to take advantage of low

Read more: Oil prices up 10% with rising Asia demand