Oil prices rebounded on Tuesday as global markets gained.Crude Oil prices gained more than 3 percent to settle above $69 on Tuesday.Crude Oil prices for September delivery gained 3.6 percent up $2.44 to settle at $69.19 a barrel on the New York mercantile Exchange.London Brent crude for October was $1.83 to settle at $72.37.September gasoline futures rose 4.87 cents to settle above $2 a gallon, while heating oil gained 3.85 cents to settle at $1.865 a gallon.