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.

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers