Recession fears continue to cap price gains
Dollar holds at 20year high against the euro
China reports new COVID cases across the country
Oil production affected by Norway strike to return within days
Russian court orders halt to Caspian oil pipeline

LONDON, July 6 Reuters Oil prices rose on Wednesday, clawing back some of Tuesday39;s heavy losses as supply concerns returned to the fore and outweighed lingering worries about a potential global recession.

Brent crude futures rose by 1.43, or 1.39, to 104.20 a barrel at 1120 GMT.

U.S. West Texas Intermediate WTI crude climbed 65 cents, or 0.65, to 100.15 a barrel after closing below 100 in the previous session for the first time since late April.

Both contracts recorded their largest daily drop since March on Tuesday on recession fears and other bearish pressures, which also kept a lid on Wednesday39;s price rise.

Oil prices have seen a knock from a resurgent dollar, which is holding at a 20year high against the euro and multimonth peaks against other major currencies.

A stronger U.S. dollar usually makes oil more expensive in other currencies, which could curb demand.

Renewed concerns of COVID19 lockdowns across China could also cap oil price gains.

Adding to the downward pressure on prices, all oil and gas fields that were affected by a strike in Norway39;s petroleum sector are expected to be back in full operation within a couple of days, Equinor said on Wednesday.

Norway39;s government intervened to end…