Brent rose 81 cents, or 1.1%, to $75.62, WTI added 49 cents, or 0.7%, to $73.34.

With OPEC and its allies planning to roll back production quotas over the next few months in anticipation of greater global demand for crude oil, Iraq's quota will rise to 4.016 million b/d in July, having been at 3.954 million b/d in June and 3.905 million b/d in May.

Brent climbed 29 cents, or 0.4%, to $75.19 a barrel, WTI was at $73.66 a barrel, unchanged from the previous session.

Preliminary production figures for May 2021 show an average daily production of 1 860 000 barrels of oil, NGL and condensate.

U.S. Rig Count is up 9 from last week to 470, Canada Rig Count is up 24 from last week to 117.

Brent were down 64 cents, or 0.9%, at $72.44 a barrel, WTI were down 53 cents, or 0.8%, at $70.51 a barrel.

The world's fifth-largest crude importer received 1.227 million mt, or 8.99 million barrels, of US oil in May, up from 7.41 million barrels a year earlier,

Brent dropped 33 cents, or 0.4%, to $74.06 a barrel, WTI dropped 33 cents, or 0.4%, to $74.06 a barrel.

These brought the country's throughput in the first five months to average at 14.21 million b/d with a 12.7% year-on-year jump.

U.S. commercial crude oil inventories decreased by 7.4 million barrels from the previous week to 466.7 million barrels.