Crude oil futures edged marginally higher on Monday, improving from 10-month lows, as buyers found value after the recent collapse. It is thought that numerous Organization of the Petroleum Exporting Countries (OPEC) members cannot cope with low oil prices much longer without risking domestic issues. Venezuela, Saudi Arabia, and others are showing signs of strain. However, OPEC’s supply quota plan with Russia has flopped. U.S. producers are flooding the market with oil, keeping prices well below $50 a barrel.

Benchmark crude oil futures for June delivery ended up by $0.37 or 0.90 percent to $43.38 on the New York Mercantile Exchange. However, in London, Brent crude for June delivery ended lower by $0.81 percent at $ $45.17 on the ICE.

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