Oil prices bounced back up Wednesday, Nov. 16, on the New York Mercantile Exchange, after reaching a four-month low in early trading.

Prices rose above $57 per barrel in midday trading after falling below the low mark for the first time since June earlier on in trading for Wednesday.

The Associated Press reported that analysts said data from the Department of Energy showing an increase in gasoline demand from a year ago was in part to blame for the slight increase in oil prices.

Forecasts for lower temperatures in the coming weeks – which would drive up demand for home heating oil – were also blamed for the increase.