OPEC have agreed to extend production cuts to the end of 2018 as the cartel aim to re-balance the oil market.
OPEC and its allies meet in Vienna this week to discuss production strategies.
The oil market has rebounded with buyers paying a premium to receive their barrels speedily.
Oil marched higher overnight, after Saudi support of the extension of supply cuts until the end of 2018.
Oil prices fell on Friday thanks to a combination of profit-taking and less risk stemming from Kurdistan.
The Organization of the Petroleum Exporting Countries (OPEC) are expecting an increase in demand in 2018