Oil prices rose on Monday after Iraq was forced to halt some of its crude exports from its semi-autonomous Kurdistan region and helped by steps to contain a potential banking crisis that could have hit oil demand.
"Oil prices are edging higher extending gains from the previous week as investors weighed up efforts by the authorities to calm concerns regarding the global banking system," said Fiona Cincotta, Senior Financial Markets Analyst at City Index.
But Russia's crude exports are expected to remain steady as it cuts refinery output in April, data from industry sources and Reuters calculations showed on Friday.
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