Black gold on Friday rose in price on optimism about an early meeting of representatives of OPEC countries, which will discuss the extension of the agreement on the limitation of production.
Following the auction on May 19, the value of the July contract for Brent crude on the ICE Futures exchange in London increased by $ 1.1 (2.1%) to $ 53.61 per barrel.
June futures on WTI on the New York Mercantile Exchange NYMEX went up by $ 0.98 (2%) - and amounted to $ 50.33 per barrel.
Today, oil continues to appreciate. Brent oil exceeded the $ 54 mark for the first time since April.
July futures for Brent crude on the London Stock Exchange increased by 46 cents (0.9%) to $ 54.07 per barrel.
Quotations of the June WTI oil contract climbed 47 cents (0.9%) to $ 50.80 per barrel.

The dollar rose slightly on Monday, but held near the six-month lows against the basket of major currencies, while investors assessed the impact of a new wave of political tensions in the US and the strengthening of the euro. The dollar index gained 0.1 percent to 97,268. However, the US currency continues to hold near the reached the previous session marks 97,080 - the minimum since November 9.
Euro in Asian trading on Monday slid 0.1 percent to $ 1.1188 after rising to a six-month high at $ 1,1212 on Friday.
To the yen, the euro added 0.1 percent to 124.75.
The dollar added 0.2 percent to the safe yen to 111.49, as the events in North Korea did not lead to a significant strengthening of the Japanese national currency.

US stock indices rose steadily following the results of trading on Friday against the background of lower volatility and higher prices for raw materials. However, following the results of the week, the stock market showed a slight decrease, failing to recover after political scandals around the White House. For five sessions, Standard & Poor's 500 and Dow Jones Industrial Average fell 0.4%, while Nasdaq lost about 0.6%.
The volatility index CBOE Volatility (VIX), the same "indicator of fear" Wall Street, May 19 continued to decline the second session in a row.
For the week ended May 17, investors withdrew $ 8.9 billion from US stock funds, switching to the stock markets of other countries, writes The Wall Street Journal referring to the EPFR data. Inflows to equity funds in Europe amounted to $ 1.1 billion.
By the end of the session on May 19, the Dow Jones Industrial Average index climbed 141.82 points (0.69%) to 20,804.84 points.
Standard & Poor's 500 rose by 16.01 points (0.68%) - to 2381.73 points.
Nasdaq Composite added 28.57 points (0.47%) and amounted to 6083.70 points.
Capitalization of Caterpillar Inc. Increased by 2.2%, General Electric Co. - by 2.1%, supporting the rise of Dow Jones. Rally Nasdaq contributed to the growth of stock prices of Baidu Inc., Nvidia Corp. And Starbucks Corp. More than by 2.3%.
The share price of the world's largest producer of agricultural machinery Deere & Co. Jumped 7.3% at the auction in New York, as its quarterly results surpassed market expectations.
The market value of the retailer Ross Stores Inc. Increased by 1.9% due to positive reporting.
The price of securities of the generating company Dynegy Inc. Flew by 25.6%, to a maximum of three months, on reports that Vistra Energy offered to buy Dynegy.
The stock quotes of the Foot Locker chain of sports shoes fell by 16.7%, as sales in March and April did not compensate for the weak results of February. As a result, the quarterly revenue of the company increased by only 0.7%, to $ 2 billion, and profit fell to $ 180 million and was less than market expectations.

On Monday, at the morning trading session of European stock markets, gold prices rose. Gold futures rose $ 1.30 or about 0.1% to $ 1254.92 per troy ounce. Spot gold prices traded at a position of $ 1255.33 per troy ounce.
Last Thursday, the price of gold reached a maximum of $ 1263.20 per troy ounce - a level that was not observed since May 1, 2017.
Over the past week, gold has risen in price by about 2%, which is the maximum value since mid-April.
The US dollar index, which shows the purchasing power of the dollar to the trade-weighted basket of six major currencies, rose 0.3% to the position of 97.25 at the beginning of the trading session on the London Stock Exchange. On Friday, the dollar index fell to a minimum for six months of 96.96, retreating to the level of presidential elections in November last year.
Gold prices are very sensitive to an increase in the interest rate, as its value affects the attractiveness of safe assets.
At the COMEX, May silver futures rose $ 0.199 (about 1.2%) to $ 16.99 per troy ounce. During the auction, silver prices rose to a maximum from May 1 - $ 17.17 per troy ounce.
Platinum declined 0.1% to $ 939.35, and palladium fell 0.3% to $ 758.88 an ounce.
Futures for copper fell by $ 0.006 to $ 2,576 per pound.