A view shows the Vostochny container port on the shore of Nakhodka Bay.
Oil prices went up on Tuesday after falling early in the previous session on investor worries that recent banking-sector problems would affect the global economy and limit demand for crude oil.
The price of crude futures for May settlement gained 5 cents and was trading at $73.84 per barrel by 0049 GMT. U.S. West Texas Intermediate WTI crude futures rose 9 cents to $67.73 a barrel. Both Brent and WTI fell below $3 a barrel in the previous session.
The contract for the WTI in April ends on Tuesday, and May is the most active contract for the WTI.
Tuesday's slight increase in prices was caused by a historic deal in which UBS, Switzerland's largest bank, agreed to buy Credit Suisse in an effort to save the bank.
After the announcement of the agreement, major central banks, including the U.S. Federal Reserve and the European Central Bank, indicated that they would enhance market liquidity and support other banks.
Officials with the G7 said the Group of Seven Nations was unlikely to revise a $60 per barrel price cap on Russian oil as planned. The EU's ambassadors were told by the European Commission over the weekend that there was no pressing desire for an immediate review by the group.
The world's top oil exporting countries and allies, including Russia, are expected to meet on April 3. The group agreed in October to reduce oil production targets by 2 million barrels per day until the end of 2023.