Oil rises as traders expect OPEC+ to hold output cuts


Brent oil rose 41 cents to settle at US$64.98 a barrel. U.S. crude rose 59 cents to settle at $61.56 a barrel.(File pic shows drilling for oil in Russia)

NEW YORK: Oil prices rose nearly 1% on Monday after Reuters reported that Russia would support stable oil output from OPEC+ ahead of a meeting with the producer group later this week.

Futures had fallen earlier in the session on news that a container ship in the Suez Canal blocking traffic for nearly a week had been refloated.

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Oil price , Brent , U.S. oil , WTI , Suez Canal , ship grounding , refloat ,

   

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