Price levels climbed Monday morning after falling prices Friday.

Crude futures settled lower on Friday. In London, September Brent fell 27 cents to $112,95 trading from $111,31 to $113,54.

Crude futures eased after the Internationa Energy Administration (IEA) reduced it’s global oil demand forecast by 250.000 b/d to 89,6 million barrels per day.

-Monday morning GMT, crude futures opens higher with September Brent trading up 80 cents and above $113 per barrel. Crude is expected to rise this week as refiners operate near the highest level in five years and as tensions in the Middle East raises concern that supply may be disrupted, according to a Bloomberg survey, according to Norwegian Oil Trading.

Expected priceband Monday ( Brent 1. pos. ) 112,50—114,50 usd/bbl.