Oil prices are rising due to the global recession and rising prices.
Brent North Sea barrel prices fell by 50 cents in March, while Intercontinental Exchange (ICE) in London valued at $ 62.15.
New York's Mercurial Exchange (WDI) barometer rose 88 cents to $ 55.11 a barrel. This is the highest rate in two months.
On Monday, the US sanctions against PDVSA, the state-run oil company, are worrying investors about crude oil.
"In addition to the crisis in Venezuela, US reserves are generating data," Commerzbank analysts added.
For the week ended January 25, the commerce gap rose by over 900,000 barrels to 445.9 million barrels. Bloomberg said the smallest increase was 3.15 million barrels.