Experts believe that the threat of the spread of the Delta strain for the oil market is temporary.
On Friday, benchmark crude oil prices are decreasing after rising to highs of more than two weeks.
Oil quotations are rising after rising on Wednesday to two-week highs on data on the decline in US energy stocks.
The market is supported by the prospects of limited supply and strong demand in the US.
On Monday, oil quotations declined amid fears of weakening global demand for raw materials amid rising numbers of people tested positive for COVID-19.
At the beginning of the week, futures fell sharply.
The market is awaiting news from OPEC+ after information that a compromise has been reached with the UAE.
By the close of the previous session, the cost of WTI has reached its maximum since October 2018.
Oil is slightly cheaper on Monday after a significant rise in quotations on Friday.
Oil price increased due to data on a sharp decline in US stocks.
Analysts note that if Iran does not restore exports in the short term, OPEC+ will have to further increase production.
The European aviation fuel market is showing signs of recovery due to growing air traffic.