Crude oil prices showing signs of rebound in Tuesday trading

Brent and West Texas Intermediate for November delivery both showed gains in trading Tuesday, with Brent showing sustained growth from an earlier session.

Brent for November delivery was up 0.23 cents to trade at $85.63 in early Tuesday trading. That follows a lackluster close, but follows growth for the week ending Oct. 17. WTI, the U.S. benchmark, continued its rally to trade at $83.04 early Tuesday, up from $82.71 in the previous session.

Long-term contracts show WTI falling to around $80 per barrel, with Brent moving closer to the $90 per barrel mark.

The U.S. Energy Department's Energy Information Administration shows a national average price for a gallon of regular unleaded gasoline for the week beginning Oct. 20 at $3.12, down 24 cents from the same period in 2013.

Crude oil prices account for about 60 percent of the price at the pump.

Motor club AAA said in a weekly report, published Monday, that gasoline prices should remain lower because of the general sentiment that oil markets are in decline.

"This tumble has sent the national average to a low not seen since early 2011 and increased the likelihood that the national price at the pump could test the $3.00 per gallon mark for the first time since 2010," spokesman Avery Ash said in a statement.