Oil prices rose at the beginning of the week's trading at dawn on Monday, due to geopolitical concerns about the confrontations between Israel and the Gaza Strip.
US Texas Intermediate crude futures rose by about 4.19% to $86.26 per barrel, and Brent crude rose by about 3.81%, recording $87.80 per barrel.
During the beginning of trading, US stock futures fell, with futures contracts linked to the Dow Jones Industrial Average falling by 180 points, or 0.7%. Standard & Poor's 500 futures fell 0.7%, while Nasdaq 100 futures fell 0.6%.
Saudi Energy Minister Abdulaziz bin Salman told CNBC on Sunday that OPEC+, the oil cartel that includes non-OPEC member Russia, will remain cautious about any moves to further increase oil production and change plans for cuts.
