Oil prices started a few days while on an upbeat note on Monday, after Hurricane Irma struck the U.S. southeast with less force than once feared, easing worries that energy demand is hit hard.

U.S. West Texas Intermediate (WTI) crude futures rose 40 cents, or around 0.9%, to $47.88 a barrel by 3:10AM ET (0710GMT).

The U.S. benchmark tumbled $1.61, or 3.3%, on Friday, reflecting concern over reduced demand as U.S. refineries saw a sluggish recovery from flooding as a consequence of storm system Harvey.

It was the most important daily loss since July, but prices still ended the week up 19 cents, or 0.4%, gain their first weekly get more about six weeks.

Meanwhile, Brent crude futures, the benchmark for oil prices away from the U.S., tacked on 27 cents, or roughly 0.5%, to $54.05 a barrel.

The global benchmark ended the other day having a gain of $1.03, or around 1.9%, after rising to some more than four-month most of $54.87 on Thursday.

Elsewhere, gasoline futures inched up 0.4 cents, or 0.2%, to $1.651 a gallon, while gas main futures rallied 3.3 cents, or 1.1%, to $2.923 per million British thermal units.

Irma hit Florida on Sunday morning as a dangerous Category 4 storm, the other highest level around the five-step Saffir-Simpson scale, but by afternoon while it barreled up the west coast, it weakened to some Category 2 with maximum sustained winds of 110 mph (177 kph).

It is forecast to weaken to your tropical storm over northern Florida or southern Georgia at a later date Monday.

Prices received another boost amid reports which the Saudi oil minister discussed possibly extending a pact to chop global oil supplies beyond March 2018 along with his Venezuelan and Kazakh counterparts on Sunday.

OPEC and various producers, including Russia, have consented to reduce output by about 1.8 million barrels daily until next March in a bid to lessen global oil inventories and support oil prices.

A further extension a minimum of three more months beyond March is now being discussed before OPEC meets again in November.

In a few days ahead, market participants will eye fresh weekly specifics of U.S. stockpiles of crude and delicate products and Wednesday to help promote weigh the impact of contemporary storm activity was on demand and supply.

Oil traders will likely focus on monthly reports within the Organization of Petroleum Exporting Counties along with the International Energy Agency to gauge global oil demand and supply levels. The results will provide traders a much better picture of whether a major international rebalancing is taken put in place the oil market.