Oil prices rose in early trading Thursday after closing below $90 for the first time in seven months, Bloomberg reported.

Crude futures climbed $1.25 to $91.15 a barrel by 12:20 p.m. in New York Mercantile Exchange trading.

On Wednesday, oil closed at $89.90, the lowest closing price since Oct. 21.

Oil has steadily declined over the past three months from the Feb. 24 closing price of $109.77 per barrel, a 10-month high.