Oil prices edged up on Monday in sluggish trading with holidays in Singapore, London and New York, as rising concerns over demand recovery offset supply cuts.
Brent rose to $35.81 a barrel, while U.S. oil was flat at $33.74 a barrel. Both are down around 45% so far this year. There is no U.S. settlement because of the Memorial Day holiday.
Prices are finding support from global supply cuts with the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, now nearly a month into a deal to voluntarily withhold 9.7 million barrel per day of production.