Brent crude oil steadied around $105 a barrel amid geopolitical tensions in the Middle East and North Africa.
Reuters reported that Brent crude was up 16 cents at $105.00 a barrel, while US crude edged up 20 cents to $98.08.
Brent dragged down 3.3% last week following a supply glut in West African and Atlantic markets.
Geopolitical tensions in Iraq, Libya and Ukraine are expected to disrupt oil production in the future.
More than 20 people were killed on Sunday in Libya during fighting to take control of the capital’s airport.
Islamic state fighters took control of the Ain Zalah oilfield in Iraq and the largest dam in the country on Sunday.
Reuters reported that Ukraine Government forces seized two towns on the outskirts of Donetsk from pro-Russia separatists on Saturday, bringing the army to the edge of one of two major cities still in rebel hands.
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