Three oil fields in Kirkuk will resume production

Iran will increase exports by about 150,000 in the next few days after an agreement to resume shipments from the Baba Gorgor, Jambour and Khabbaz fields, according to Bloomberg.

Those sites had been halted since a dispute in March. Iraq is producing 4.78 million barrels per day.

This is some mildly bearish news for crude to start the week but lately oil has ignored any negative signals in a relentless rally higher.