Oil prices jumped more than $1 a barrel on Monday, extending gains as investors awaited possible moves by OPEC+ producers at a meeting later in the day.
Brent crude futures rose $1.43, or 1.5 percent, to $94.45 a barrel by 0054 GMT, after rising 0.7 percent on Friday.
US West Texas Intermediate crude scored $88.12 a barrel, up $1.25, or 1.4 percent, after rising 0.3 percent in the previous session. US markets are closed for a public holiday on Monday.
Oil prices have fallen for the past three months in a row after touching multi-year highs in March due to concerns that interest rate hikes and COVID-19 restrictions in parts of China, the world’s largest crude oil importer, will slow global economic growth and slash demand. on oil.
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