On Tuesday, Brent crude oil futures stuck near three-year highs, with U.S. benchmark crude close to 2014 peaks.
Oil prices have hardly moved at the start of the week as a cautious market awaits stalling talks between the major oil-producing nations on future production policy.
Organisation of Petroleum Exporting Countries and non-OPEC ministerial meeting has reaffirmed its commitment to a stable global market.
Oil prices on Friday rose amid hopes that an ongoing economic recovery in the United States will positively impact oil demand.
“The WTO, under your leadership, will embark on a period of substantive and procedural reform.”
