International benchmark Brent crude was trading at $54.52 per barrel at 0630 GMT on Monday for a 0.09% gain after ending Friday at $54.47 a barrel.
American benchmark West Texas Intermediate (WTI) was at $50.34 a barrel at the same time for a 0.04% increase after closing Friday at $50.32 per barrel.
The coronavirus outbreak continues to lower global oil demand and put a downward pressure on crude prices.
The death toll in China from the outbreak rose to 909 with 40,171 confirmed cases, according to the country’s National Health Commission (NHC) on Sunday.
A technical committee composed of members of OPEC and non-OPEC countries concluded last week that their total production should be lowered by an additional 600,000 barrels per day (bpd) until the end of June.
The group, dubbed as OPEC+, agreed on Dec. 6, 2019 to curb their production by an additional 0.5 million bpd starting from Jan. 1 until the end of first half of 2020. That added to their existing output cut of 1.2 million bpd that went into effect in December 2018.
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