International Benchmark Brent crude increased to $65.44 per barrel while American benchmark West Texas Intermediate (WTI) saw $60.00 at 09.26 GMT+3 on Monday.
Brent crude was trading at $64.30 per barrel while WTI saw $60.64 at 11.51 GMT on Friday.
The number of oil rigs in the U.S. has fallen for the first time in seven weeks, according to data released Friday by the oilfield services company Baker Hughes.
The oil rig count decreased by four to reach 796 for the week ending March 9, the data showed. After rising for six consecutive weeks, this marked the first weekly decline in the number of oil rigs.
In addition, according to the U.S. Energy Information Administration data on Wednesday, crude oil inventories and production increased for the week ending March 2. Commercial crude oil stocks rose by 2.4 million barrels, or 0.6 percent, to reach 425.9 million barrels.
By Gulsen Cagatay
Anadolu Agency
energy@aa.com.tr
