Oil prices settled nearly 1% higher today, rebounding from a two week low earlier in the session. Expectations of tighter supply is outweighing worries of economic uncertainty. “Refined products remain under pressure as fears of higher oil prices for a longer period of time combined with higher interest rates for a longer period of time may depress demand,” said Andy Lipow, president of Lipow Oil Associates LLC. Crude stockpiles at Cushing are at their lowest in 14 months due to strong refining and export demand, prompting concerns about the quality of the remaining oil and the potential to fall below minimum operating levels. WTI traded up $.71 or .8% to close at $90.39. Brent traded up $.67 or .7% to close at $93.96.