Oil rises by 1% as Saudi Arabia, Russia stick to cuts
LONDON: Oil prices rose on Monday, after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year.
Brent crude futures rose $1.03, or 1.21%, to $85.92 a barrel by 0834 GMT, while U.S. West Texas Intermediate crude was at $81.58 a barrel, up $1.07, or 1.33%.
Oil rebounded on Monday after Brent and WTI futures each lost around 6% in the week to Nov.
