Muscat: Brent crude futures climbed 57 cents, or 0.94 per cent, to $61.21 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 54 cents, or 0.95 per cent, to $57.28.

The modest rebound follows a sharp sell-off last week, when both benchmark crudes fell by more than 2 per cent on Friday. Markets were pressured by concerns over a potential global supply glut, even as hopes lingered for a diplomatic breakthrough in the Russia-Ukraine conflict ahead of weekend talks between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump.

Looking ahead, analysts expect crude oil to trade within a $55 to $60 range, as investors await possible U.S. action against Venezuelan oil shipments. Additional uncertainty stems from the potential fallout of a U.S. military strike against ISIS targets in Nigeria, a key oil producer with output of around 1.5 million barrels per day.