NEW YORK (TheStreet) --WTI Crude future orders closed higher on Monday, as oil settles at around $44.60 per barrel. This is the first rise in oil over the past seven days, coming off of steep declines last week.
"That's not unexpected when we see moves like this," CNBC's Jackie DeAngelis said during this afternoon's "Power Lunch."
Furthermore, the gradual moves up in oil realized today could equate to an increasing amount of skepticism investors have in the OPEC commitment to cut production, she noted.
"And remember there's still an oil glut. A big build in inventories last week and we're expecting another 2-million-barrel build on Wednesday from the Department of Energy," DeAngelis added.