Jane Araf
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OPEC said it agreed to raise output by 206,000 barrels per day for April.
The figure is just 0.2% of global supply.
Oil analysts quoted by Reuters said the group had minimal spare capacity.
and Gulf producers were now facing export problems.
Iran on Saturday announced it was closing the Strait of Hormuz, and there are waterway controls that's vital to oil and gas exports from the Gulf.
In over-the-counter trading Sunday, a preview of where prices might open Monday.
The benchmark standard for crude oil rose by about 10%.
In Tehran and in other cities, mourners packed public squares to commemorate the death of Ayatollah Ali Khamenei.
The country declared 40 days of mourning for the 86-year-old leader, now considered a martyr.
Iran said Khamenei died in U.S.
and Israeli airstrikes on his office on Saturday.
Anti-government protests which rocked the country in December have been sidelined since the attacks.
Iran said military leaders killed in the strikes included the armed forces chief of staff and a senior intelligence commander.
The Iranian government said it had already hit 27 U.S.
military bases in the region, along with other targets.
It vowed the biggest wave of attacks yet in retaliation for Khamenei's death.
One West Tehran resident told NPR by phone that bakeries and supermarkets were packed.