LONDON (Reuters) - Oil prices rose on Monday to their highest in just over a year, with Brent nudging past US$60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures that can boost demand.
Brent was up 69 cents, or 1.2%, at US$60.03 a barrel by 1218 GMT, and U.S. West Texas Intermediate rose 64 cents, or 1.1%, to US$57.49 a barrel.
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