The performance of oil varied during trading on Monday, with the dollar stabilizing positively against most of the major currencies, and US crude was able to erase its losses and turn higher.
This comes with the anticipation of a meeting of "OPEC Plus", which brings together the "OPEC" and its independent allies to discuss the possibilities of intervening again to change production levels and face the repercussions of the Corona pandemic on the market.
On the other hand, the dollar index rose (against a basket of major currencies) by 17:43 GMT, by less than 0.1% to 90.8 points, and recorded the highest level at 90.9 points and the lowest level at 90.6 points.
This, and many countries are struggling to control the Corona virus, while countries such as the United Kingdom have succeeded in controlling the outbreak of the virus, other countries, most notably India, are facing a humanitarian disaster due to the record increase in infections, which reaches 350 thousand cases on a daily basis.
In terms of trading, Nymex crude futures for June delivery by 17:41 GMT rose by less than 0.1% to $ 62.1 a barrel, and the day's high was at $ 62.3 and the lowest at $ 60.6.
Brent crude futures for June delivery fell 0.2% to $ 65.9 a barrel, recording the highest price at $ 66.2 and the lowest price at $ 64.5.
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