Oil prices edged away from three-month lows on Tuesday, supported by a weaker dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. 

International Brent crude oil futures were trading at USD 44.80 per barrel at 0134 GMT, up 8 cents from their last close. US West Texas Intermediate (WTI) crude were at USD 43.16, up just 3 cents per barrel.

Brent crude futures were trading at $45.34 a barrel at 1149 GMT, down 35 cents from their previous close, while U.S. crude was down 37 cents at $43.82 a barrel. 

                                                         Traders said the higher prices were partly a correction after the previous day's sharp falls, and also reflected a dip in the dollar against other leading currencies away from March highs.

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