Western sanctions have begun to take a toll on Moscow’s petroleum output.
Governments around the world, including most recently Britain and Norway, have tightened restrictions to stop the spread of the Omicron variant.
Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States.
Brent goes up above $70 a barrel.
On Thursday, an OPEC+ meeting is scheduled, which brings together OPEC and partners.
Crude oil production from the world's largest exporter of raw materials increased by 100 thousand barrels per day.
Over the past week, world oil quotations have experienced serious volatility.