On Monday, oil prices continued to recover from last Thursday's bout of weakness, fueled by the OPEC+ decision, the adoption of the vast infrastructure investment plan in the United States and an increase in its fares to Asia from Aramco.

The members of the Organization of the Petroleum Exporting Countries (OPEC) and their ten allies via the OPEC+ agreement decided on Thursday to limit the increase in their production to 400,000 barrels per day in December, a timid volume. This decision, however expected, had caused a lot of excitement in the market and a temporary fall in prices "which did not really make sense" according to Carsten Fritsch, of Commerzbank. The market was also supported on Monday by a price increase for exports to Asia from Saudi oil giant Saudi Aramco. At around 10:50 a.m. GMT (11:50 a.m. CET), the price of a barrel of Brent North Sea oil for January delivery was up 1.14% from Friday's close at $83.68. In New York, a barrel of West Texas Intermediate (WTI) for the month of December rose 1.38% to 82.39 dollars.