Oil extends gains after OPEC+ pauses Q1 output hikes
Oil prices climbed in early Asian trade on Monday after OPEC+ decided to hold off production hikes in the first quarter of next year, easing rising fears of a supply glut.
Brent crude futures rose 47 cents, or 0.73 per cent, to $65.24 a barrel by 2336 GMT after closing 7 cents higher on Friday. US West Texas Intermediate crude was at $61.43 a barrel, up 45 cents, or 0.74 per cent, after settling up 41 cents in the previous session.
