Brent June futures rose to $119.30 per barrel, up 0.3% after earlier >2% jump.
WTI crude fell 0.6% to $110.85 per barrel after an initial rise, following an 11% surge before the Good Friday holiday.
Reports indicate US‑Iran ceasefire talks for a possible 45‑day pause, with a plan to reopen the Strait of Hormuz on Monday.
OPEC+ announced eight members will increase output by 206,000 barrels per day in May, though logistical constraints may limit immediate supply.